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On the Paytm Payments Bank launch: online vs offline, transaction fees, KYC and more

Update: This post has references to charges mentioned in a table published on the Paytm blog, which was removed a few hours after publishing. Thus, the comments and comparisons in this post may not be in applicable, in case Paytm charges rates that differ from the ones mentioned in the image below. Earlier: Paytm's land-grab of customers in the payments space continues with the launch of its payments bank, and it is making a conscious effort to get customers to make a switch to the Paytm Payments Bank, over other banks. Paytm recently got approval to launch its Payments Bank, with Renu Satti as its CEO; its CEO-designate Shinjini Kumar had resigned from Paytm Payments Bank's board of directors on the 9th of February 2017. Paytm is offering a cashback of Rs 250 on a deposit of Rs 25,000 into their back account,…

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Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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