Paytm Bank debit cards, powered by Visa, enabled with international transactions

Paytm Bank has announced today that it will start issuing Visa Debit Cards to its customers. The bank, known for introducing neo-banking in the country, is already the largest issuer of RuPay Debit Cards and has the fastest-growing bank account base. Paytm Bank will issue Visa virtual debit cards to its customers, which will enable them to transact at all merchants accepting payments through cards. For the first time, the bank’s customers will also be able to make international transactions using their Visa debit cards. Soon, the customers will also have an option to request for a physical card. This will enable customers to make contactless payments through their chip-inserted cards.

Speaking on the development Satish Kumar Gupta, CEO & Managing Director at Paytm Payments Bank Ltd said, “As we continue to strive and bring half-a-billion Indians to the mainstream digital economy, it is indeed a proud moment for us to partner with Visa. This partnership will allow millions of our customers to avail the benefits of Visa debit cards along with the power to make international transactions.”

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Commenting on the partnership, TR Ramachandran, Group Country Manager, India & South Asia, Visa, said, “Debit cards, because of their ease to use and familiarity, continue to be the first choice of newly banked customers. They play a critical role to migrate these customers to the digital economy and help them make non-cash transactions.”