Ex-PhonePe CEO’s startup Paymart to offer ‘virtual ATM’, partners 5 Indian banks

Former PhonePe CEO Amit Narang’s fintech startup Paymart on Friday said that it has partnered with five Indian banks to offer its innovative virtual, cardless, and hardware-less cash withdrawal service. The startup plans to launch pilot programmes with its partner banks in February/March, with a phased nationwide rollout slated for April/May 2024.