Paytm Payments Bank now offering physical debit card

Paytm, probably the most used e-wallet app in India has received a new iOS app update, which enables users to setup BHIM UPI (one-touch payment). This was recently made available on the Android platform. Using the new BHIM UPI feature, users will be able to receive and transfer money directly into their bank account at no extra cost. The interesting part of the update is the roll out of the Paytm physical Rupay debit cards. Paytm users who already have a Paytm Payment bank account (one has to verify Aadhar biometrics to open an account) got a complementary virtual debit card, which can be used to shop online on multiple e-commerce websites. As promised, the company has started to distribute the physical debit card to the users who are interested in the same. Unlike the complementary virtual card, a user has a pay a nominal fee of Rs.120 to receive the card and the card (one has to confirm the postal address, where he/she likes to receive the same). Like any debit cards issued by the normal banks, this card can also be used in ATM's, Shopping malls, online e-commerce websites like a normal card without any restrictions. As this card is based ...

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