Paytm Payments Bank says hits 100 mn KYC compliant wallets mark
Paytm said it set up offline centres and a team of agents who collected documents from customers for the KYC process. The bank stated that every KYC customer has opened a Wallet Account with Paytm Payments Bank. Also, the 100 million milestone includes both complete (or full) and minimum KYC customers.
Paytm bank has not raised any external funding and is completely funded by Vijay Shekhar and One97 Communications Limited and its subsidiary. Image source: Reuters