Alibaba-backed Paytm aims to become world’s largest digital bank — Bloomberg — “Paytm Payments Bank aims to create the world’s largest digital bank with 500m accounts, envisioning an online financial services provider of everything from wealth management to credit cards and stock market trading… The bank grew out of Paytm’s digital wallet, which amassed over a hundred million customers after India took high-denomination bills — or nearly 90% of the value of cash — out of circulation last November.”