Paytm Payments Bank

OverviewSuggest Edit

Paytm Payments Bank is a company operating a mobile Internet-based wallet. It provides zero digital transaction charge accounts. The Company allows users to send money to any bank account from your Paytm Payment Bank Wallet. 

TypePrivate
Founded2017
HQNew Delhi, IN
Websitepaytmbank.com

Latest Updates

Employees (est.) (Sept 2020)2,622(+2%)
Cybersecurity ratingAMore

Key People/Management at Paytm Payments Bank

Ashit Ranjit Lilani

Ashit Ranjit Lilani

Independent Director
G S Sundararajan

G S Sundararajan

Independent Director
Vaibhav Goel

Vaibhav Goel

Independent Director
Sairee Chahal

Sairee Chahal

Independent Director
Satish Kumar Gupta

Satish Kumar Gupta

CEO & Managing Director
Priyanka Paul

Priyanka Paul

Vice President, Centralised Operations
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Paytm Payments Bank Office Locations

Paytm Payments Bank has offices in New Delhi and Noida
New Delhi, IN (HQ)
136 Devika Tower Lala Lajpat Rai Rd
Noida, IN
A-80, Udhyog Marg, A Block, Sector 2
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Paytm Payments Bank Financials and Metrics

Summary Metrics

Founding Date

2017

Paytm Payments Bank total Funding

$28.1 m

Paytm Payments Bank latest funding size

$18.81 m

Time since last funding

3 years ago

Paytm Payments Bank investors

Paytm Payments Bank's latest funding round in November 2017 was reported to be $18.8 m. In total, Paytm Payments Bank has raised $28.1 m
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Paytm Payments Bank Cybersecurity Score

Cybersecurity ratingPremium dataset

A

92/100

SecurityScorecard logo

Paytm Payments Bank Online and Social Media Presence

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Paytm Payments Bank News and Updates

Paytm Payments Bank enables banking services through Aadhaar Cards

AePS allows online interoperable financial inclusion transaction at PoS (Micro ATM) through the business correspondent of any bank using Aadhaar.

Paytm Payments Bank introduces video KYC facility

With this, Paytm customers can now get their full KYC completed anytime between 9 am and 8 pm, from anywhere through a video call.

Paytm Payments Bank partners with Mastercard to launch debit cards

Paytm will issue Mastercard debit cards to its account holders to enable them perform online transactions, make payment in stores, and withdraw cash from ATMs.

Paytm Payments Bank to help identify rogue apps that could trigger fraud transactions

This security feature by Paytm will scan the apps installed on the user device and will pop-up a security alert whenever a dangerous app is found that may put the users' accounts at risk.

Paytm Payments Bank submits 3,500 phone numbers of scamsters to TRAI and Home Ministry

Paytm Payments Bank said that this initiative was taken to further ensure the security of digital payments users. Along with this, the bank has also filed FIRs against these criminals with Cyber Cell for an immediate action to stop this scam.

Paytm Payments Bank claims to issue more than 3M FASTags

Paytm Payments Bank aims to almost double the FASTag adoption to five million vehicles by March 2020.
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Paytm Payments Bank Blogs

We have become India’s first Payments Bank to offer Video KYC Facility

We are glad to share that we have become India’s first payments bank to launch a Video KYC facility. With this, our customers can now get their full KYC completed anytime between 9 am and 8 pm, from anywhere through a video call. Our Video KYC is a fully integrated, zero-contact, and paperless proce…

Beware of Fraudulent SMS & Calls about KYC suspension or expiration, Account Block and Fake Rewards!

If you have received any SMS stating: A. Your Paytm KYC has expired B. Or it needs to be renewed C. Or your account will be blocked in 24 hours Please do not trust these communications. These are fraudsters attempting to get your details and defraud you of your hard-earned money. In case, somebody c…

Paytm Payments Bank emerges as a success story of the banking model, registers profit for the 2nd consecutive year

We are glad to share with you that our profit in FY ’20 has increased to Rs. 29.8 crore PAT, up from Rs. 19.2 crore in FY ’19. This has been largely led by our higher customer acquisition in smaller cities & towns to drive financial inclusion in the country. Our annual revenue has also […] The p…

Stay safe from imposters on Social Media

This is the era of social media and all of us use this platform heavily to communicate and stay connected with our friends and family. But some are now exploiting this trend by hacking social media accounts and using them to dupe the friends of the users into paying them money. How does this work? […

How to save for your goal?

I am going to cut off my expenses and start saving! How many of you have said that and then forgotten? Many, right? Yes that is the case with all of us, savings is easier said than done. Some extra money always feels good but keeping a check on the expenses is something we don’t […] The post How to …

We are delivering cash at home to support senior citizens in Delhi-NCR

We are happy to announce the launch of ‘Cash at Home’ facility for senior and differently-abled citizens so that they do not need to step out during this COVID-19 pandemic. This new service will enable them to raise cash withdrawal requests on their Paytm Payments Bank app and the requested amount w…
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Paytm Payments Bank Frequently Asked Questions

  • When was Paytm Payments Bank founded?

    Paytm Payments Bank was founded in 2017.

  • Who are Paytm Payments Bank key executives?

    Paytm Payments Bank's key executives are Ashit Ranjit Lilani, G S Sundararajan and Vaibhav Goel.

  • How many employees does Paytm Payments Bank have?

    Paytm Payments Bank has 2,622 employees.

  • Who are Paytm Payments Bank competitors?

    Competitors of Paytm Payments Bank include Happay, True Balance (Balance Hero) and MBNA.

  • Where is Paytm Payments Bank headquarters?

    Paytm Payments Bank headquarters is located at 136 Devika Tower Lala Lajpat Rai Rd, New Delhi.

  • Where are Paytm Payments Bank offices?

    Paytm Payments Bank has offices in New Delhi and Noida.

  • How many offices does Paytm Payments Bank have?

    Paytm Payments Bank has 2 offices.