Monday, November 28th, 2016

Paytm Payment Bank could be a new banking model in the world: Vijay Shekhar Sharma

Jayesh S | November 28, 2016 10:25 am Print
Paytm is slted to start the payment bank in the next few months

The founder of  Paytm, Vijay Shekhar Sharma, has said Paytm Payment Bank could be a new banking model in the world. “Our bank will be built around a services- and transaction-based revenue model. We are looking forward to starting (the payments bank) in the next few months,” he said in an interview to The Economic Times.

Regarding the delay in launching Paytm Payment Bank, he said it took time to arrange capital investment and now they were excited about the new opportunity. “We are very excited at the opportunity and have ambitious plans to bring very large CASA (current account & savings account) user base to Paytm Payment Bank,” he said.

Sharma also plans to launch their services on feature phones using call and SMS. This plan is to address the non-smartphone population in India.

Loading...