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PPBL Launches Paytm Transit Card, People Can Pay For Metro, Bus, Rail Travel

With this launch, users won’t have to worry about carrying multiple cards for different purposes and just use the Paytm Transit Card for all their payments, the official statement read.

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Paytm Payments Bank, India’s homegrown payments bank, on Monday, said that it has launched the Paytm Transit Card, bringing together the power of One Nation, One Card. 

The Bank aims to equip millions of Indians with one physical card for all their everyday needs from travel in metro, railways, state-owned bus services, toll and parking charges to payments at offline merchant stores, online shopping and more. The card also enables the withdrawal of money from ATMs. 

The launch of the Transit Card is aligned with the Bank’s initiatives to bring out products that make banking and transactions seamlessly operable for all Indians. 

As per the official statement, the Paytm Transit Card rollout is being launched in collaboration with Hyderabad Metro Rail. Users in Hyderabad can now simply purchase the transit card, which can be displayed at the Automatic Fare Collection (AFC) gates to proceed for the journey. 

"The launch of the Paytm Transit Card will enable millions of Indians with the power of one single card that takes care of all transportation as well as banking needs. This will drive financial inclusion and accessibility for all. We are glad to be a part of the NCMC initiative and will continue to work towards the digitization of the transit ecosystem in the country while driving the adoption of smart mobility solutions," said the MD and CEO of Paytm Payments Bank, Satish Gupta. 

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