Paytm launches mastercard for paymrnts bank,available as physical and virtual also

Paytm launches mastercard,available as physical and virtual also

Paytm recently launches mastercard for paytm payments bank customers.The mastercard has more secure in pament because of its artificial intelligence tools.This is gives extra security to the transactions.It also attracts the more customers because rupay card not accepted everywhere but masterclass is accepted almost every place.

Paytm says that they giver master card to its beta customers first,and soon it will be available to every customer.

At first the digital virtual card is issued then the customers can apply for a physical card.The physical card is also eligible for contactless in-store transaction with
Masteracard chip-based technology.

Satish Kumar Gupta, CEO & Managing Director, Paytm Payments Bank Ltd said, “We continue to play a leading role in spreading the digital payments network in the country. We aim to provide maximum flexibility to our customers to choose their preferred mode of digital payments, and our partnership with Mastercard is in the same direction.”

Porush Singh, Division President, South Asia, Mastercard said, “While digital payments are taking off in India, growing faster than many other countries around the world, 90% of all retail transactions are still in cash. Mastercard is committed to the Government of India’s vision to fuel the growth of digital payments. Towards this goal, Mastercard is pleased to offer its fully-integrated global payment platform to Paytm Payments Bank to enable cardholders to have access to the safest way of making electronic payments.”