Paytm plans to launch India’s first payments bank by the end of this financial year and is counting on its mobile wallet experience to give it a clear advantage over established business houses that will be its main rivals. Paytm expects to touch Rs 10,000 crore in deposits in the next three years, building on existing consumer base and technological and cost-efficient set up. Paytm has more than 104 million mobile wallets and expects that to touch 150 million by March 2016.