Paytm Payments Bank: Building a Truly Digital Bank

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12 April 2019
Zilvinas Bareisis

Winner of Celent Model Bank 2019 Award for Beyond Banking

Abstract

Celent recognizes Paytm Payments Bank (India) as the winner of Model Bank 2019 Beyond Banking Award for their initiative Building a Truly Digital Bank for India.

Paytm Payments Bank (PPB) is India’s only mobile-first bank with zero balance and zero digital transaction charge accounts and has become one of the most popular payments banks in the country with 42 million savings accounts. The PPB is also going beyond banking by creating a digital ecosystem to offer a better life for the digitally savvy population, the unbanked and the underbanked.

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Insight details

Sector
Banking, Corporate Banking, Retail Banking
Content Type
Reports
Focus
APIs, Digital, Platforms
Location
Asia-Pacific, EMEA, LATAM, North America