Home Current Affair April 2020 Paytm Payments Bank launched its Mastercard Debit Card

Paytm Payments Bank launched its Mastercard Debit Card


  • Paytm Payments Bank has tie-up with Mastercard to launch the Virtual and Physical debit cards for online transactions. And, these debit cards, will enable customers to transact at all merchants accepting payments through cards.
  • Highlights,
    Customers can make international transactions using your Visa debit cards. It will also have an option to request for a physical card. Besides, it will enable you to make contactless payment through the chip-inserted cards.
  • MasterCard,
    Mastercard is an American multinational financial services corporation, that was formed in 1979 by an alliance of several regional bankcard associations. Its headquartered in New York (USA).
    Firstly, it was known as "Interbank" during 1966-69. After that, it was renamed as "Master Charge" during 1969-79.
    i) President & CEO of MasterCard is Ajaypal Singh Banga.
    ii) Chairman of MasterCard is Richard Haythornthwaite.

Published On : 22 Apr 2020

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