Paytm is the most popular mobile wallet and we all are aware of the operations that are being carried by the wallet and since the Demonetisation has happened, there has been a lot of buzz, hype and usage for the app.The Paytm bank has come into the existence now. Paytm successfully launched the Paytm Payments Bank.
This is the first mobile-first bank with zero charges on all online transactions and no minimum balance requirement. This is something that is going to be encouraging in many ways. Paytm Payments Bank is certainly going to be a good bank in the recent times.
The company is setting up KYC centers across India to complete KYC for customers and make them eligible for a Payments Bank account.The company is also allowing to convert all transactions of wallet through the bank.