Paytm Payments Bank Limited (PPBL) is an Indian payments bank, headquartered in Noida. Launched in 2017, it operates as a separate entity under the license from the Reserve Bank of India (RBI), with One97 Communications holding a 49% stake. The bank's mission is to bring unbanked and underbanked Indians into the formal financial system through a mobile-first, low-cost banking model. It offers services like savings and current accounts, debit cards, UPI payments, and FASTag for toll payments. In early 2024, the bank faced severe business restrictions from the RBI due to significant regulatory non-compliance.

Founded in

India