Paytm Payments Bank to issue physical visa debit cards: Features, other details

Paytm Payments Bank Ltd (PPBL) has announced that after witnessing the popularity of Visa virtual debit cards among its customers, it will also start issuing physical debit cards by Visa. The bank has already issued over 4.5 million virtual cards and is now targeting to issue over 1 million physical debit cards by end of FY ’21.

Satish Kumar Gupta, CEO & Managing Director, Paytm Payments Bank Ltd said, “We are proud to bring out an all-new physical card with our long-standing partner Visa. This is yet another step taken by us to democratize the digital financial ecosystem in the country. Physical cards will help more people have another payment method to rely on whenever they are out buying services or shopping.