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Paytm payments bank launches Paytm transit card
November 30, 2021
Paytm Payments Bank Limited Monday announced the launch of the Paytm Transit Card, keeping in mind the vision of one nation, one card. The card will deal with clients’ regular requirements from travel in metros, railways, state-owned bus services, toll and parking charges, to payments at offline merchant stores, online shopping, and more. The card additionally enables the withdrawal of cash from ATMs.
It has additionally made a completely digital process to apply, re-charge, and track all transactions of the cards on the Paytm application itself. The physical card will be delivered to the doorstep of the client or can be bought at assigned sales points. The pre-loaded card is directly connected to the Paytm Wallet, where clients can simply top-up the wallet to use the travel card and don’t have to make any different record, according to an official statement.
The fintech firm said that the Paytm Transit Card rollout is being launched as a team with Hyderabad Metro Rail. Clients in Hyderabad can now essentially buy the transit card, which can be shown at the Automatic Fare Collection (AFC) gates to proceed for the journey. This service will help more than 50 lakh riders who use metro/transport/train services each day and experience seamless connectivity.
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