Paytm Payments Bank, Mastercard partner to launch debit cards

Paytm Payments Bank Ltd (PPBL) has joined hands with Mastercard for the issuance of virtual and physical debit cards. Leveraging Mastercard’s mobile and artificial intelligence tools capacity, PPBL will be able to offer its customers the highest levels of security for digital transactions.

Paytm Payments Bank

As a part of this partnership, PPBL will be issuing Mastercard virtual debit cards to its new customers, enabling them to perform secure online transactions that make daily purchases faster, easier and safer.

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.”

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