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India's largest mobile wallet app Paytm gets regulatory nod to operate its own Payments Bank

India’s largest mobile wallet service now has its own payments bank. SEE ALSO: Paytm’s mobile wallet surpasses all plastic card transactions in India Paytm announced today it has received regulatory approval from the Reserve Bank of India for launching Paytm Payments Bank, a move that “changes everything” for the company.  “Our aim is to build a new business model in banking industry, focussed on bringing financial services to 100s of millions of un-served or underserved…

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Source – Mashable:
India's largest mobile wallet app Paytm gets regulatory nod to operate its own Payments Bank

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