‘Paytm Payments Bank aims to ramp up S/B customer base to 10 cr’

Paytm Payments Bank (PPBL), the country’s largest payments bank, is looking to ramp up its savings bank customer base to 10 crore over the next one year, a top official said.

In a span of almost two years since its launch in May 2017, PPBL has, till date, built a savings customer base of four crore.

“Our aspiration is to open 10 crore accounts in the next one year, from about four crore now,” Satish Kumar Gupta, Managing Director & CEO, Paytm Payments Bank, told BusinessLine after opening the bank’s second branch at Lajpat Nagar in New Delhi.

It may be recalled that PPBL’s first branch was opened at Noida in May 2017. The Lajpat Nagar branch is the first for this payments bank in Delhi.