Paytm Payments Bank enables banking services through Aadhaar Cards
Paytm Payments Bank Ltd (PPBL) announced the integration of Aadhaar-enabled Payment System (AePS) for cash withdrawal, balance enquiry, and mini statement. Customers can now access these basic banking services through the business correspondent of any banking and financial institution in the country. Soon, features like cash deposit, interbank fund transfer, etc. will also be made live.
Speaking about the initiative, Satish Kumar Gupta, CEO and Managing Director, Paytm Payments Bank said, “We have continued with our efforts to expand the digital banking network in the country and benefit millions of our customers with innovative features and unmatched service. With AePS, we are aiming to accelerate the financial inclusion in our country and ensure that people in the remotest part of India are able to access complete banking services.”