Payment Bank Licence: What Changes For PayTM

Mobile wallet services provider PayTM was among the 11 companies selected by the Reserve Bank of India (RBI) on Wednesday to help set up "payment banks". Vijay Shekhar Sharma, founder and CEO, PayTM spoke to NDTV and explained how the payment bank platform is different from their existing mobile wallet platform - which is a prepaid payment instrument which allows customers to digitally store money in a secure virtual wallet and use ...