Paytm Payments Bank risk score

Paytm Payments Bank, launched on May 23, 2017, represents a significant evolution in India's financial landscape, focusing on the needs of the underbanked and underserved population. As India's premier mobile-first bank, it provides zero balance accounts and does not charge digital transaction fees, embodying a forward-thinking approach to inclusive banking.

Owned predominantly by Vijay Shekhar Sharma along with One97 Communications Ltd., Paytm Payments Bank is unique in that it is entirely governed by Indian stakeholders. This structure emphasizes its commitment to fostering a financial environment that respects and promotes local governance and expertise.

The bank's mission is clear: to integrate half-a-billion Indians into the mainstream economy, thereby contributing to the economic upliftment of millions of individuals who have previously been on the periphery of the financial system. Their services are designed to ensure that financial tools and resources are accessible to everyone, eliminating barriers such as high fees and account minimums that typically exclude the lower income segments.

Furthermore, Paytm Payments Bank is committed to building what they describe as India's first world-class digital bank. This vision includes not only advancing financial inclusion but also spearheading innovations that accommodate the unique needs and circumstances of its customers.

Embracing core values of integrity and responsibility—"No Fear, No Greed, No Entitlement"—the bank stands as a beacon of ethical banking practices. Whether it's through offering seamless mobile banking experiences or ensuring secure transactions, Paytm Payments Bank continues to set high standards in service, security, and accessibility, ensuring that it plays a pivotal role in propelling India's digital economy forward.