Paytm Payments Bank after successfully providing their VISA virtual Debit cards to more than 4.5 million customers have now launched their physical VISA Debit cards which enables the users to upgrade to a contactless payment. Let’s look at the newly launched VISA Debit card, how to order and use it.
What is Paytm VISA Debit Card?
The new physical VISA Debit card that is launched by Paytm is a contactless globally accepted card. The card can be used to pay for shopping, gadgets or any other items as well as it can be used in the ATMs to withdraw cash in India as well as abroad.
The VISA Debit cards come with an NFC chip which will allow the users to pay the money with just a tap on the POS machine available at the store. The contactless debit card is common and have been widely accepted across the globe. They have been reported to be safer and highly secure.
The card also provides various rewards, offers and also provides an option for the user to enable or disable the card on the Paytm Payments Bank app according to their convenience.
How to Apply Paytm VISA Debit card?
In order to apply for the VISA Debit card, you should have a savings account with Paytm Payments Bank. You will have to download the app or visit their website in order to open account. Once you have opened the account and filled the KYC, the card will be delivered to your doorstep.
Even the users who already have a Paytm savings account and a virtual VISA or RuPay Debit card will have to visit the website and order the card. The users who have a RuPay Debit card will have to upgrade to a VISA debit card and order the physical card on the website.
If you already have a physical RuPay Debit card, you will have to block the physical card and apply for a digital VISA Debit card and later follow the above step of ordering the physical card from the website or the mobile application.
How to activate the Paytm Physical Debit Card
In order to activate your Physical debit card, you will have to scan the QR code through the Paytm Payments Bank app which will ask for your bank passcode. Once the passcode is entered, you will be asked to verify your debit card details and will be prompted to set your ATM pin. Once you confirm your ATM pin, your physical card will get activated.
The Paytm Payments Bank’s VISA Debit and ATM card would cost an amount of INR 250. Paytm Payments Banks claims to have simplifying the banking process of the millennials since their establishment.
What is Paytm Visa debit card?
The new physical VISA Debit card launched by Paytm is a contactless globally accepted card, which can be used for shopping or can be used in the ATMs to withdraw cash in India as well.
What are the benefits of Paytm debit card?
You can Withdraw cash from any ATM in India, you can also Swipe your card at any store or website across India and Paytm offers Cashback at 200+ stores across India.
Can we withdraw cash from Paytm debit card?
Yes, you can withdraw cash from Paytm physical debit card from any ATM in India.