Leading India digital bank to offer international remittances

Mark Battersby
clock • 1 min read

India digital only bank Paytm Payments Bank (PPB) is to expand into facilitating cross-border as well as domestic remittances. The bank's CEO said that the new umbrella entity (NUE) proposed by PPB and other investors, will change the pace of digital payments in the country, if approved. Speaking to the Times of India, the bank's managing director and CEO Satish Kumar Gupta said it had become the largest enabler of digital transactions in India at 970m in March 2021. It had also become the largest digital-only bank with 64 million bank accounts and deposits of over Rs3,200 crore, h...

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