ePaisa Payment Gateway: Paytm Payments Bank puts convenient banking at your fingertips - "Paytm Ka ATM"

Paytm Payments Bank puts convenient banking at your fingertips - "Paytm Ka ATM"

Paytm Payments Bank, India's largest digital bank offering Zero Balance Accounts and No Digital Transaction Fees, is pleased to introduce 'Paytm Ka ATMs' to bring banking closer to your everyday life. These specially branded shops will allow you to open a savings account and make deposits or withdrawals. We will also be adding a dedicated 'Banking' section in the Paytm app, where you can enjoy a full range of banking services including payments, digital debit cards, passbooks, help and support and more.

In the first phase, we will set up 3000 'Paytm Ka ATM' outlets in selected cities including Delhi NCR, Lucknow, Kanpur, Allahabad, Varanasi and Aligarh. These outlets will be staffed with local bank liaison officers who will assist you in making deposits and withdrawals, making banking services simpler and more accessible. For example, a taxi or three-wheeler driver can now visit a Paytm Ka ATM shop and deposit money into a Paytm Payments Bank savings account to earn interest; and withdraw it whenever needed.

We plan to add more than 100,000 'Paytm Ka ATM' banking points across India; to this end, we are committed to investing Rs. 3,000 crore over the next three years to expand our offline distribution network and allow trusted local partners to become potential cash access points.

Renu Satti, Managing Director & CEO, Paytm Payments Bank said, "'Paytm Ka ATM' banking outlets are a significant step forward in ensuring that every Indian has access to banking services. This will enable our customers to visit their trusted neighbourhood shops to open bank accounts, access cash and complete their Aadhaar links. We believe this hyper-localised banking model will play a key role in helping hundreds of millions of underserved and unserved customers access quality banking services."