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Paytm inks pact with ICICI Bank to offer virtual prepaid cards to its wallet users

03 Dec 2015 Evaluate

Mobile payments and commerce marketplace Paytm has signed partnership pact with ICICI Bank, to offer virtual prepaid cards to its wallet users that can be used to pay for purchases both online and offline. This will also allow Paytm’s customers to top up their digital wallets at any ICICI Bank’s branch, using cash or cheques.

The partnership is one of the first signs of cooperation, at such scale, between India's consumer internet companies and the country's banking system, which has so far been wary of doing business with internet payment ventures.

ICICI Bank Share Price

1264.80 -12.90 (-1.01%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 781.20
ICICI Bank 1264.80
Axis Bank 1269.40
Kotak Mahindra Bank 380.75
Indusind Bank 949.85
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