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Paytm Claimed 100M KYC Registration For Payment Bank

24Apr By Lavina TolaniNo Comments

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Paytm Claimed 100M KYC Registration For Payment Bank

Paytm Payments Bank has managed to successfully register over 100 million KYC wallets, against the constant campaigning done by the bank about the benefits of the Know Your Customer (KYC) system as announced by the bank on Monday. The 100M milestone record included both complete (or full) and minimum KYC customers. Bank has introduced several options post successful reception, these include Paytm KYC centers' Paytm-Ka-ATM’ outlets that offer a better-localized support. These centers can be easily located through "Near By" section on the Paytm App. Paytm Payments Bank is also offering KYC customers to open an account with a zero balance account. Renu Satti, MD, and CEO at Paytm Payments Bank said, It is exciting to see our customers appreciate the benefits of completing ...

5 Most Successful Entrepreneurial Stories: From Rags to Riches

"Success is no accident. It is hard work, perseverance, learning, studying, sacrifice and most of all, love of what you are doing or learning to do." Entrepreneurship is surely not an easy task and comes with its own set of challenges and hardships, yet time and again successful entrepreneurs from around the world proved that winners never quit and quitters never win. At the end of the day, it depends on how far you are ready to go even the direst of circumstances. To help you kick off "work blues" and inspire you with some entrepreneurial greatness, we have come up with the most inspirational business success stories that emerged in the wake of personal struggles, diligent leaders, hard-won circumstances and paved the way for enlightening inspiration for the coming generations. &nbs...

One97 Communication Which Runs Paytm Raises 400 Crore From Mediatek, Valuation Upto $5 Billion

Taiwanese chip designer MediaTekis investing USD 60 million (about Rs 400 crore) in One97 Communications, which runs Paytm. The transaction values the digital payment services and e-commerce firm at about USD 5 billion. When contacted, a Paytm spokesperson confirmed the development. The funds will be used for expanding payments and commerce businesses and for building and launching the payments bank, she added. Paytm founder Vijay Shekhar Sharma has earlier said its payments bank will become operational later this year. Interestingly, Mediatek is also an investor in Paytm's rival, Mobikwik in India. In May this year, Mediatek had participated in an estimated USD 50 million fund raising by Mobikwik. Alibaba-backed Paytm is looking at raising about USD 300 million (over Rs 2...