Paytm Payments Bank has received approval from the RBI for its inclusion in scheduled banks.
New opportunities
Paytm Payments Bank can now explore new business opportunities. It can participate in govt and other large corporations’ Request for Proposals and primary auctions.
The firm will be eligible to partner in government run financial inclusion schemes, a press release said.
The company’s constant endeavor is to bring better banking services for Indians, it said. Paytm Payments Bank processes transactions with Paytm Wallet, Paytm FASTag, Paytm UPI. Paytm has also become the largest issuer and acquirer of FASTags in the country.
