Will put $500 mn in KYC operations: Paytm Payments Bank CEO
Paytm Payments Bank CEO Renu Satti in a recent interview while talking about Paytm's operating cost for KYC (Know Your Customer) said, "We will be investing $500 million into KYC operations itself." She also said it will be the most aggressive KYC expansion in India. Last week, RBI released directions for operations of digital wallets and Prepaid Payment Instruments.