Paytm Payments Bank is proposing to introduce cross-border as well as domestic remittances. The bank’s MD and CEO Satish Kumar Gupta said the bank today is the largest enabler of digital transactions in India at 970 million transactions in March 2021. He said the bank has received approval for introducing inward remittances. The bank today is the largest digital-only bank in India with 64 million bank accounts and deposits of over Rs3,200 crore, he added. He said alongside the inward remittances, the bank will also grow its domestic remittance business.
