Paytm Payments Bank unveils Paytm Transit Card: Here’s what it offers
Zee News
The Paytm Transit Card is being rolled out in partnership with the Hyderabad Metro Rail.
New Delhi: Paytm Payments Bank Limited announced the launch of the Paytm Transit Card, with the goal of creating a "one nation, one card" vision. The card will cover all of the user's daily necessities, including metro, train, and state-owned bus transit, as well as toll and parking fees, as well as payments at offline merchant stores, internet purchasing, and more. The card can also be used to withdraw money from ATMs.
“The launch of the transit card is aligned with the bank’s initiatives to bring out products that make banking and transactions seamlessly operable for all Indians," Paytm Payments Bank said in a statement.
On the Paytm App, it has also built a digital mechanism for applying for the cards, recharging them, and tracking their transactions. The card will be sent to the user's door or purchased at approved sales locations. The Paytm wallet is directly linked to the prepaid card.
