Airtel Payments Bank

Meanwhile, Ant Group Co. is considering selling some of its shares in the operator of Indian financial technology firm Paytm to keep its holding within a required threshold, the Bloomberg reported

Delhi Metro has partnered with Airtel Payments Bank to provide one more smart card top-up facility to commuters, officials said on Sunday. This new initiative is focused on contributing to the government's vision of Digital India and financial inclusion by taking digital transaction services to the doorstep of every Indian, the DMRC said in a statement. The top-up facility of Delhi Metro's smart cards will now be possible through Airtel Payments Bank, it said. This new facility will be of great convenience to the commuters since this will allow them to use one more reliable option to recharge their smart cards through their mobile phones, the statement said. The transactions will be completely safe and the card or internet banking details will be saved only once by the app. Recharge through this facility will be fast and convenient, it added.

From Airtel Payments Bank's COO Ganesh Ananthanarayanan to Parag Rao, Country Head for Payments Business, Consumer Fin, Digital Banking at HDFC Bank, here are panelists from digital & payment banks

Airtel Payments Bank has started rolling out 1.5 lakh micro ATMS in a phased manner across tier 2 cities and semi-urban regions to facilitate cash withdrawal for its customers, the company said on Wednesday. The Bank will gradually expand its service to cover more banking points in a phased manner. "Micro ATMs will be rolled out in a phased manner. Initially, the bank will place 1,50,000 units in Tier II cities and semi-urban regions. These regions typically have a high demand for cash withdrawal services but limited access to ATMs," the company said in a statement. The bank will leverage its strong network of over 5 lakh banking points across India to give users access to easy cash withdrawals through this initiative, it added. The company has plans to finish the rollout of 1.5 lakh micro ATMs by the end of the current fiscal. Airtel Payments Bank is now integrated with the National Payments Corporation of India's (NPCI) - National Financial Switch (NFS) to facilitate micro ATM .

Airtel Payments Bank on Thursday said it has partnered with Muthoot Finance to offer gold loans through Airtel Thanks app. There will be no-processing charge on the loan and Muthoot Finance will provide up to 75 per cent of the pledged gold value as a loan, the payments bank said. "Gold Loans are secured loans that can be availed to cater to a variety of needs, from personal to professional. We are delighted to partner with Muthoot Finance to offer easy access to Gold Loans through Airtel Thanks App," Airtel Payments Bank chief operating officer Ganesh Ananthanarayanan said in a statement. The loan facility will also be available at the 5 lakh banking points for Airtel Payments Bank, it added. "The partnership will give access to secured and affordable credit to customers looking for quick liquidity against their gold assets. We are happy to serve an extensive range of customers across various geographies and ticket sizes," Muthoot Finance joint managing director Alexander George .

Money deposited with Airtel Payments Bank surged 75 per cent to Rs 1,000 crore in 2021 as compared to the previous year, a top company official said.

Airtel Payments Bank on Thursday announced a collaboration with Park+ to offer FASTag-based smart parking solutions to marquee commercial and residential properties across the country. The partnership aims to leverage the distribution reach and digital payments stack of Airtel Payments Bank to digitise the parking ecosystem using FASTag associated with the vehicle, the company said in a statement. Park+ operates in the area of automating parking spaces through FASTag and the majority of parking FASTag transactions in India are currently being processed through Park+ systems. Park+ will offer its full suite of FASTag services including issuance, acquiring, recharge, and technology support to Airtel Payments Bank. Airtel Payments Bank is among the top five issuers of FASTag in the country, the statement said adding that customers can purchase a FASTag in a matter of a few clicks from the banking section of the Airtel 'Thanks App'. Park+ access control systems are installed at more t

Airtel Payments Bank is among the fastest-growing digital banks in the country, with a base of 115 million users

Airtel Payments Bank crossed one billion transactions volume milestone on its platform during September quarter 2021-22, according to sources

Airtel Payments Bank has a customer base of around 115 million with a monthly transacting user base of 31 million

Airtel Payments Bank has seen a surge in business volumes in FY21 as lockdown curbs spurred new accounts as well as transactions, and company is eyeing a break-even this fiscal, a top official said

Airtel Payments Bank will remain a separate entity under Bharti Airtel; all of Airtel's infrastructure businesses will continue to remain as separate entities

With Airtel Safe Pay transactions, money gets debited only after subscriber's nod

Through this innovative account construct, MSMEs and other organisations will be able to make cashless payments and also provide a financial security blanket to their employees," the bank said.

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The collaboration will bring together Mastercard's global and local experience in developing advanced financial solutions and Airtel Payments Bank's strong distribution network

While Bharti Airtel has infused Rs 180.22 crore into Airtel Payments Bank, Bharti Enterprises has injected Rs 44.77 crore.

The facility will be available to customers on 24x7 basis even on holidays, enabling them to receive or send funds to any bank from anywhere, anytime, Airtel Payments Bank said in a statement

The fund infusion from Bharti Airtel stood at Rs 260 crore, and that from Bharti Enterprises at Rs 65 crore in the form of preference shares, according to the details of the filing

The payments bank ran into a controversy after it allegedly opened savings accounts for existing customers without their express permissions