Paytm Launches Paytm Transit card

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After the massive transit category after the Succes of FASTags Paytm Transit Card is the payments bank’s second product.  Paytm Payments Bank is the first bank in the country to achieve the milestone of having issued more than 1 crore FASTags.

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NEW DELHI: Paytm Payments Bank Limited on Monday announced the launch of the Paytm Transit Card, keeping in mind the vision of one nation, one card. The card will take care of users’ everyday needs — from travel in metro, railways, state-owned bus services, toll & parking charges, to payments at offline merchant stores, online shopping, and more. The card also enables the withdrawal of money from ATMs.

“The launch of the transit card is aligned with the bank’s initiatives to bring out products that make banking and transactions seamlessly operable for all Indians,” Paytm Payments Bank said in a statement.

The transit card is planned to launch in collaboration with Metro rail Hyderabad, USers of Hyderabad can now purchase the transit card which can be displayed at automatic fare collection gates.

This service will help over 50 lakh riders who use metro/bus/train services every day and experience seamless connectivity.

The card is already live on the Delhi Airport Express line and Ahmedabad Metro. With the Paytm Transit Card, people can use the same card in metros as well as other metro stations across the country, as per the press release.

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