# Paytm Payments Bank

> Source: https://docs.barcoder.ai/docs/wallets/paytm-payments-bank
> research date 2026-05-30 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Paytm Payments Bank — official](https://www.paytmbank.com/)

## Overview

**Paytm Payments Bank** is **Indian payments bank** + **One97 Communications + Vijay Shekhar Sharma ~51% controlling** + **RBI Payments Bank license** + **~330M+ historical customers** + **Mar 15 2024 RBI operational shutdown for non-compliance + customer migration to Paytm wallet on third-party PSP partner Yes Bank + Axis Bank + HDFC Bank + SBI** <sup>[1][1], [India report](https://docs.barcoder.ai/docs/payments/IN)</sup>.

## History

**Aug 2015 — RBI grants in-principle Payments Bank licenses to 11 entities including Paytm**.

**May 23 2017 — Paytm Payments Bank launched as Indian payments bank** distinctive Indian payments banking heritage.

**Jan 31 2024 — RBI Mar 11 2024 deadline order halts all Paytm Payments Bank new deposits + credit transactions for non-compliance with KYC + AML norms**.

**Mar 15 2024 — Paytm Payments Bank operational shutdown per RBI directive + customer migration to Paytm wallet on third-party PSP partner Yes Bank + Axis Bank + HDFC Bank + SBI** distinctive Indian payments banking shutdown.

## Ownership & operator

**Operating entity**: **Paytm Payments Bank Limited** (Indian payments bank; One97 Communications + Vijay Shekhar Sharma ~51% controlling).

**Major shareholders**: **One97 Communications Limited (NSE: PAYTM + BSE: 543396; Indian super-app wallet parent) + Vijay Shekhar Sharma Paytm founder + CEO ~51% controlling**.

**Regulators**: **RBI**.

## Technical integration

Paytm app (iOS + Android; ~330M+ Paytm Payments Bank historical customers) + paytmbank.com online + Paytm Payments Bank Visa + Mastercard + RuPay cards (legacy); UPI + BharatQR + IMPS + RuPay; Paytm wallet migrated to third-party PSP partner Yes Bank + Axis Bank + HDFC Bank + SBI post-Mar 15 2024 RBI shutdown.

## Implementations & partners

**Paytm parent**: [Paytm](https://docs.barcoder.ai/docs/wallets/paytm) (Paytm One97 Communications; NSE: PAYTM + BSE: 543396; Indian super-app wallet; ~330M+ Indian customers).

**Major Indian payments bank + payments competitors**: [Airtel Payments Bank](https://docs.barcoder.ai/docs/wallets/airtel-payments-bank) (Airtel Payments Bank; India's #1 Payments Bank by customers + India's first Payments Bank; ~70M+ Indian customers) + [India Post Payments Bank (IPPB)](https://docs.barcoder.ai/docs/wallets/india-post-payments-bank) (India Post Payments Bank IPPB; Indian government India Post Payments Bank; ~600M+ India Post customers) + [Fino Payments Bank](https://docs.barcoder.ai/docs/wallets/fino-payments-bank) (Fino Payments Bank; BSE: 543386 + NSE: FINOPB; Indian payments bank) + [Jio Payments Bank](https://docs.barcoder.ai/docs/wallets/jio-payments-bank) (Jio Payments Bank; Reliance Jio + SBI JV Indian payments bank) + NSDL Payments Bank (NSDL Payments Bank; NSDL Indian depository payments bank) + [PhonePe](https://docs.barcoder.ai/docs/wallets/phonepe) (PhonePe; Walmart Flipkart subsidiary; India's largest UPI wallet by transactions) + [Google Pay](https://docs.barcoder.ai/docs/wallets/google-pay) (Google Pay India; India's #2 UPI wallet by transactions) + [Amazon Pay (India)](https://docs.barcoder.ai/docs/wallets/amazon-pay-india) (Amazon Pay India; Indian wallet by Amazon).

**Regulator**: RBI.

## Status

**Winding down, Indian payments bank + One97 Communications + Vijay Shekhar Sharma ~51% controlling + RBI Payments Bank license + Mar 15 2024 RBI operational shutdown for non-compliance + customer migration to Paytm wallet on third-party PSP partner Yes Bank + Axis Bank + HDFC Bank + SBI** <sup>[1][1], [2][2]</sup>.

## Sources

[1]: https://www.paytmbank.com/ "Paytm Payments Bank — official"
[2]: https://en.wikipedia.org/wiki/Paytm_Payments_Bank "Paytm Payments Bank — Wikipedia"
[in-cro]: https://docs.barcoder.ai/docs/payments/IN

- [1] [Paytm Payments Bank — official][1]
- [2] [Paytm Payments Bank — Wikipedia][2]
- <sup>[India report](https://docs.barcoder.ai/docs/payments/IN)</sup> In-corpus: `reports/countries/IN-india.md`

## Source

Biography extracted from [paytm-payments-bank.md](https://docs.barcoder.ai/source/wallets/paytm-payments-bank). See `matrix.md` for standards-support matrix if present.