Paytm
India's OG super-app wallet; payments bank wound down, wallet + UPI live on.
- Who holds it
- A sponsor bank behind the brand — not the app you signed up with — UPI TPAP riding on partner banks (Axis, Yes Bank, SBI, HDFC); wallet wound down with bank unit.
- The ledger
- Split between a program manager and the sponsor bank — the modular setup that broke in Synapse.
- If it fails
- Any claim runs through the sponsor bank, and only works if the two ledgers reconcile.
Derived from Paytm’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | traditional |
| HQ | Noida, IN |
| Founded | 2010 |
| Custody | Custodial |
| Regulation type | Partner-bank model |
| License detail | UPI TPAP riding on partner banks (Axis, Yes Bank, SBI, HDFC); wallet wound down with bank unit |
| Card | RuPay · Wallet + UPI |
| Cashback | Cashback offers |
| Stablecoins | No |
| KYC | Yes |
| Active regions | Asia |
Verified links: official site ↗
Common questions about Paytm
What is Paytm?
Paytm is a fiat neobank, headquartered in Noida, IN and founded in 2010. Your money is held custodially, so Paytm or its partner bank holds the balance and you hold a claim on it. It operates on a partner-bank model (UPI TPAP riding on partner banks (Axis, Yes Bank, SBI, HDFC); wallet wound down with bank unit).
Does Paytm have a card, and where can you use it?
It issues a RuPay wallet and upi card. It is available in Asia.
Does Paytm require KYC?
Yes. Paytm requires identity verification (KYC) to open an account, as a partner-bank model.
What does Paytm cost?
From the verified fields: cashback Cashback offers. Cashback and yield are "up to" figures that change constantly and often depend on a paid plan — confirm current terms with Paytm before relying on them.
Early investors
Head-to-head
Peers
Wise · KakaoBank · WeBank · bKash · Maya · GCash
Paytm appears in
Neobanks running on someone else’s banking license (81) · Neobanks available in Asia (132) · Neobanks on domestic card networks (16) · Neobanks in India (12)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.