Paytm ramps up KYC customer acquisition; adds over 120,000 physical KYC points across India
ANI | Updated: Oct 25, 2017 14:45 IST
New Delhi [India], Oct. 25 (ANI): Payments and commerce platform Paytm has announced addition of more than 120,000 physical KYC points across India in line with the RBI's new guidelines that mandate all Prepaid Instruments (PPIs) including mobile wallets to ensure their customers are KYC-enabled.
"Our approach has been to build a large and inclusive ecosystem that impacts the lives of the widest set of users. The Paytm KYC will be an enabler for consumers to gain access to inclusive payments and banking services. With that in mind, we have launched the most aggressive and far-reaching customer KYC drive in the country. This is one of our milestones towards onboarding half a billion customers and achieving financial inclusion," said MD and CEO Paytm Payments Bank, Renu Satti.
This is in line with the company's goal to bring 500 million customers to the mainstream economy over the next three years. (ANI)