Paytm Payments Bank Ltd (PPBL), has today announced the launch of its Video KYC facility. With this, customers can now get their full KYC completed anytime between 9 am and 8 pm, from anywhere through a video call. The convenience of video call for full KYC will help customers stay safe within their homes during the ongoing pandemic.
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The Video KYC facility is the latest among a series of new features that PPBL has been launching to make the banking experience more convenient and accessible for its customers. During the lockdown, it introduced ‘Cash at Home’ facility for senior and disabled citizens, which enabled them to raise cash withdrawal requests on their Paytm Payments Bank app, and receive the requested amount at home.
Earlier this year, the bank has also launched a Direct Benefits Transfer (DBT) facility where it allowed customers to raise a request to receive the benefits of over 400 government subsidies directly into their PPBL Savings Account.
Earlier in April, PPBL partnered with Mastercard for the issuance of virtual and physical debit cards. PPBL has announced that it aims to issue over 10 million digital debit cards in FY 2020-21.
Being a comprehensive platform for all kinds of funding sources, it claims to have 300 million digital wallets, 220 million saved cards, and 58 million bank accounts on the platform.
(Edited by Kanishk Singh)
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