Paytm Payments Bank enables Aadhaar card-based services

TIL Desk/Business/New Delhi/  Paytm Payments Bank Ltd (PPBL) on Monday said it has enabled banking services via Aadhaar cards for its customers. With the integration of Aadhaar enabled Payment System (AePS), PPBL’s customers can now access to basic banking services such as cash withdrawal, balance enquiry and obtain a mini statement through the business correspondent of any banking and financial institution in the country.

Soon, features like cash deposit, interbank fund transfer, etc. will also be made live, the company said, adding that this will benefit people in rural and semi-urban areas who have limited access to the physical bank branch and ATM.

“With AePS, we are aiming to accelerate the financial inclusion in our country and ensure that people in the remotest part of India are able to access complete banking services,” Satish Kumar Gupta, CEO and Managing Director, Paytm Payments Bank, said in a statement.