Paytm Payments Bank issues 7 mn Visa cards in FY21

India’s homegrown Paytm Payments Bank has announced that it has issued seven million Visa debit cards through its platform in FY’21.

The Bank has overachieved its target of issuing one million Visa cards in FY’21, driven by the strong adoption of innovative products developed by the bank and the acceptance of digital payments in India.

With this, the Bank continues to drive financial inclusion in India by enabling users with digital payments and access to financial services.

To bring more convenience for cardholders, the Bank had earlier enabled its customers to make international transactions using their Visa debit cards. The Bank also offers a completely digital process to apply and track updates for the card.

Satish Gupta, MD and CEO, Paytm Payments Bank Ltd said: We are driving financial inclusion and ensuring access to the best of digital banking products to Indians. The increased demand for Paytm Payments Bank’s Visa card is just another example of the strong reach and adoption of the Bank’s products and services.

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