PayTM has selected Nelito’s FinCraft Enterprise Reporting for its MIS ADF requirements as a payment bank. It shall also be using Nelito’s two decade long expertise in banking domain for its other requirements.
PayTM received the payment bank license from RBI in 2015. The bank intends to use PayTM wallet's existing user base for offering new services, including debit cards, savings accounts, online banking and transfers, to enable a cashless economy. PayTM wallet is India's largest mobile payment service platform with over 100 million wallets & 10 million app downloads.