In a bid to increase the currency of its digital money, leading payments and e-commerce company Paytm is planning to launch a virtual card in partnership with RuPay and a bunch of national banks. The virtual card, which will have a 16-digit number, just like a physical debit or credit card, will expand Paytm's reach significantly from 35,000 merchants currently using its digital wallet to 1.5 million merchants, who accept all kinds of electronic payments through plastic cards.
Once rolled out, the virtual card is expected to increase the utility of money stored on Paytm digital wallets, since it will make it usable across a much wider network, said Vijay Shekhar Sharma, “We are building this so that our wallet gets ubiquitously accepted across places.”
http://wap.business-standard.com/article/companies/paytm-to-launch-virtual-16-digit-rupay-card-to-up-currency-of-its-digital-wallet-115061700886_1.html
Once rolled out, the virtual card is expected to increase the utility of money stored on Paytm digital wallets, since it will make it usable across a much wider network, said Vijay Shekhar Sharma, “We are building this so that our wallet gets ubiquitously accepted across places.”
http://wap.business-standard.com/article/companies/paytm-to-launch-virtual-16-digit-rupay-card-to-up-currency-of-its-digital-wallet-115061700886_1.html
