Stock Market Tips, Paytm launches niche payments bank

Most valuable #Financial Advisory with the name of accurate tips provider here invites you to trade in a financial market with a risk-free work click here for more >> http://www.ripplesadvisory.com


Indian digital payments firm Paytm launched a niche payments bank on Tuesday, aiming to acquire 500 million customers in the next three years, the company said in a statement.

Paytm, which runs India's biggest electronic wallet, said it will offer an interest rate of 4 percent per annum on deposits.

The Paytm Payments Bank aims to open 31 branches and 3,000 customer service points in its first year of operations, the company said.

A payments bank is an institution that can take deposits and remittances but cannot lend.

No comments:

Post a Comment

Designed with by Way2themes | Distributed by Blogspot Themes