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With whom did Paytm Payments Bank tie-up to launch an international fund transfer?
A)
Wise
B)
PayPal
C)
Payoneer
D)
MoneyGram

Correct Answer :   MoneyGram


Paytm Payments Bank has partnered with MoneyGram — a peer-to-peer remittance company — to enable international fund transfer directly to Paytm Wallet.
 
With this partnership, MoneyGram users abroad can now transfer money to any full KYC-compliant Paytm wallet. This is MoneyGram’s first mobile wallet partnership in India. MoneyGram transactions in India received digitally currently represent nearly 50 percent of all transactions received in the country. The number of transactions sent directly to bank accounts is up about six times from just under 10 per cent two years ago.
 
"Paytm Wallet is used by millions of Indians and we hope that this partnership will offer unmatched convenience & flexibility to the Indian diaspora across the world to send money home in real time," said Satish Kumar Gupta, MD & CEO, Paytm Payments Bank.

Published On : December 26, 2021
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