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Paytm Bank confirms 100M KYC wallets

Megha Jain

Content Head

Digital payments industry witnessing a boost as Paytm Payments Bank today claims that it has over 100 million KYC wallets including both complete and minimum KYC. This boost was seen amid the indications of falling mobile-wallet users because customer authentication did not take off. This belief to be the result of bank initiative to inform about the benefits of the KYC system.