Paytm Payments Bank Ltd, which got a final approval from the Reserve Bank of India last month to run and operate a payments bank in the country, will start operations next week, said promoter and founder Vijay Shekhar Sharma.
Paytm promoter and founder Vijay Shekhar Sharma. told that the payments bank will be commercially launched on February 21,2017
While he did not clarify on the location of the launch, the company is likely to start with Uttar Pradesh — which also happens to be Sharma’s home State.
Paytm promoter and founder Vijay Shekhar Sharma, along with two companies, One97 Communications Ltd and One97 Communications India Ltd, had invested ₹218 crore in the payment banks. Sharma is also the promoter of these two companies and holds about 51 per cent stake in Paytm Payments Bank.
One97 Communications holds the rest.
No comments:
Post a Comment