The partnership offers customers high-security levels for digital transactions
Paytm announced its partnership with Mastercard which enables issuing both virtual and physical cards.
Initially, the company started issuing only virtual debit cards to beta customers. This way, they could perform secure online transactions, making an everyday purchase faster, easier, and safer. Soon this will be available for all Paytm customers.
Besides, they will also have an option to request a physical card, which will enable them to carry out contactless in-store transactions supported by Mastercard’s chip-based technology.
In addition to that, the bank will allow withdrawing cash at more than 1 million ATM terminals across most of the world.
We’ve reported that Mastercard company announced a partnership with Microsoft. This way, Microsoft customers can get easier access to their digital purchase receipts through their banking apps, enabled with Ethoca’s Digital Receipts service.