Paytm Payments Bank to enable banking services through Aadhaar card

Paytm Payments Bank Ltd (PPBL) has announced that they have enabled banking services through Aadhaar by integrating with the Aadhaar enabled Payment System.

Paytm customers can access to basic banking services such as cash withdrawal, balance enquiry and obtain a mini statement through a business correspondent of any banking and financial institution in the country, a statement said.

Also, features like cash deposit and interbank fund transfer will also be made live soon that will benefit people in rural and semi-urban areas who have limited access to the physical bank branch and ATM.

What pulls back banks to go digital

They have partnered with over 10,000 business correspondents, who will have access to BC App for facilitating AePS transactions,