Paytm Partners with NPCI

Posted on:13 Sep 2017 15:49:58
Paytm Partners with NPCI
13 September 2017 Current Affairs: Paytm Payments Bank (PPB) partnered with the National Payments Corporation of India (NPCI) to launch a RuPay-powered digital debit card.

The customers will now be able to transact at all merchants who accept credit and debit cards.

As a payments bank, PPB can take a demand deposit of up to Rs 1 lakh per customer, but it cannot undertake lending activities.

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