Paytm Payments Bank to roll out Visa debit cards

The bank, known for introducing neo-banking in the country, is already the largest issuer of RuPay Debit Cards and has the fastest growing bank account base, according to Live Mint.

Paytm Payments Bank will issue Visa virtual debit cards to its customers, which will enable them to transact at all merchants accepting payments through cards. Soon, the customers will also have an option to request for a physical card, to offer customers the possibility to make contactless payment through their chip-inserted cards.

With over 57 million digital debit cards, the payments bank now has a debit card in every district of India. With this announcement, Paytm aims to issue over 10 million new digital debit cards over the next two years.