Paytm Payments Bank To Start Issuing Visa Virtual Debit Cards

On Wednesday, Paytm Payments Bank Ltd announced that it will start issuing Visa virtual debit cards to its customers. It said that its target is to issue over 10 million new digital debit cards in 2020-21.

In a statement, the PPBL said it is already the largest issuer of RuPay debit cards and has the "fastest growing" bank account base.

Visa virtual debit cards would enable its customers to transact at all merchants accepting payments through cards.

For the first time, the bank's customers would also be able to make international transactions using their Visa debit cards, it said.

Soon, the customers will also have an option to request for a physical card.