Paytm Bank To Issue Visa Virtual Debit Cards To Its Customers
An advertising balloon for PayTM online payment is displayed at a store in Ooty, Tamil Nadu. Photographer: Dhiraj Singh/Bloomberg

Paytm Bank To Issue Visa Virtual Debit Cards To Its Customers

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Paytm Payments Bank Ltd. announced on Wednesday it will now start issuing Visa virtual debit cards to its customers.

PPBL said it is targeting to issue over 10 million new digital debit cards in 2020-21. It is already the largest issuer of RuPay debit cards and has the "fastest growing" bank account base, the bank said in a statement.

Also read: Vijay Shekhar Sharma Unveils Paytm’s Road To Profitability

Visa virtual debit cards would enable its customers to transact at all merchants accepting payments through cards. For the first time, the bank's customers would also be able to make international transactions using their Visa debit cards, it said.

Soon, the customers will also have an option to request for a physical card. This will enable customers to make contactless payment through their chip-inserted cards.

Also read: Paytm Employee In Gurugram Tests Positive For Coronavirus

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