Paytm Payments Bank announced that it will shortly begin issuing physical Visa debit cards. By the end of FY 2021, the company plans to have issued over 1 million real debit cards, up from over 4.5 million virtual cards. The bank has already issued over 4.5 million virtual cards and plans to issue over 1 million real debit cards by the end of the fiscal year.
Furthermore, One97 Communications, the parent company of Paytm Payments Bank, is planning to go public in one of the country's largest initial public offerings (IPO). Paytm plans to do an initial public offering (IPO) of $3 billion later this year, according to PTI, citing sources.

Paytm Payments Bank physical visa debit cards Features
With this offering, PPBL has improved the debit card experience by digitizing the entire procedure.
Customers can not only apply for a physical card using the Paytm Payments Bank portion of the Paytm app, but they can also set the card's pin once they receive it.
This card not only gives customers access to a wide range of Visa benefits, but it also includes capabilities like international payments and tap-and-pay transactions.
customers can use this card anywhere in the world.
How to activate Paytm physical debit card by Visa?
After receiving your Debit & ATM Card, you can activate it by scanning the QR code on the back of the card with your Paytm App. The steps are outlined below.
Once your Debit & ATM Card has been delivered to you, it can be activated by scanning the QR code on the back of your card from your Paytm App. We have listed the steps below.
Step 1: Open your Paytm App
Step 2: At the bottom right corner, tap the 'Bank' icon.
Step 3: Scroll down and click on the image of the Debit Card
Step 4: Choose the option 'Activate ATM Card'
Step 5: can the QR code at the back of your Debit & ATM Card.
Step 6: Enter your passcode
You will be asked to validate your Debit card details after entering your passcode. You will be requested to set your ATM PIN after confirmation.
Step 7: To confirm, enter the same PIN once more.
Your Debit & ATM Card will be activated
How to apply for a Physical Paytm Debit card?
You will receive a Digital Debit Card when you open a Savings Account. Please follow the steps below to apply for a physical Card.
Step 1: Open your Paytm App
Step 2: Tap on the 'Bank' icon at the bottom right corner
Step 3: Choose 'Digital Debit Card'
Step 4: Choose 'Request ATM Card'
Step 5: Select your delivery address
Step 6: Click on 'Proceed to Pay'
Through your smartphone, you will be able to track the status of your card's delivery.
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