India’s largest payment bank Paytm has launched it’s mobile banking app named ‘Payments Bank’. Now customer will be able to check their account balance, user can raise a request for physical debit cards and also will be able to access the digital debit cards. Company is also providing 24×7 Help and support through this mobile banking app.
This new app is already available on Google Play store to download, and iOS users will soon get the update on the Apple app store. It was launched in May 2017, and the bank claimed that they had enrolled over 43 million saving bank account customers and they also issued over 2 million physical debit cards, also the virtual debit cards are provided to all 43 million saving bank customers.
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“The new app has been introduced exclusively for its bank’s customers to provide wide range of banking services in a phased manner. The purpose of a new app is to segregate its operations from the existing app which caters to customers of several group entities. However, PPB customers will continue to serve its customers on its older app should its customers desire so. Both apps will co-exist. Said Satish Kumar Gupta MD and CEO Paytm Payments Bank.