Paytm Payments Bank partners NPCI for RuPay-powered digital debit card

Paytm Payments Bank has partnered with the National Payments Corporation of India (NPCI) to launch a RuPay-powered digital debit card.

Through the new digital debit card, customers will now be able to transact at all merchants who accept credit and debit cards. The RuPay-powered digital debit card will be issued to all customers who have opened their bank accounts with PPB.

This debit card will come with a free insurance cover of up to Rs 2 lakh in the case of death or permanent total disability. "Our customers will now be able to pay across all online platforms with our digital debit card and experience the same convenience that they have been accustomed to across the Paytm ecosystem," said Paytm Payments Bank MD and CEO Renu Satti.

Several online platforms like Ola, Flipkart and Amazon do not allow users to pay for transactions using Paytm wallets currently. With these digital debit cards, they will now be able to make transactions on these platforms as well.

The Payments Bank is also looking to partner with other full-service banks to offer additional services to its customers and rolling out a full bouquet of services, including term deposits, retail and SME loans.