October 15th, 2021 12:44 PM 0 COMMENTS

Airtel Payments Bank Allowing Users to Invest in Gold for Just Rs 1

Airtel Payments Bank, a subsidiary of Bharti Airtel had earlier announced that users could purchase digital gold directly through the Airtel Thanks mobile application of the company. This Navratri, if you have been thinking about purchase gold, Airtel Payments Bank can help you do that from the comfort of your home. Airtel Payments Bank had earlier announced the launch of ‘DigiGold’. The company had launched ‘DigiGold’ in partnership with ‘SafeGold’,... Read More

September 28th, 2021 1:07 PM 1 COMMENTS

Airtel Payments Bank Will Help Stellapps to Offer Banking Services to Small Dairy Farmers

Airtel Payments Bank, a digital finance arm of Bharti Airtel will now be helping Stellapps, one of the leading dairy startups in India, with providing banking services to small dairy farmers across the country. Stellapps offers holistic financial management programs across the dairy value chain, with special programs designed to improve financial inclusion for dairy farmers through its mooPay FinTech Platform. Stellapps has been closely working with dairies and their... Read More

September 23rd, 2021 8:45 PM 2 COMMENTS

WhatsApp Banking Big on Payments Service In India

WhatsApp Payments, the UPI payment feature was rolled out to the instant messaging platform a few years back and was recalled due to several reasons. Again, it was rolled out to users earlier this year but it failed to get enough traction. Now, in an attempt to gain traction, WhatsApp Payments might follow the footsteps of Google Pay. Reportedly, WhatsApp is intending to give cashbacks to users who send money... Read More

September 22nd, 2021 1:24 PM 3 COMMENTS

Huawei Banking on 5G Revenues from India

Huawei, a Chinese multinational telecom equipment gear maker, is optimistic about its India plans. The company believes that it can have a key role in the development of 5G in India. It is worth noting that the Indian government had asked the telcos not to include any Chinese company in their 5G trials. Despite that, Huawei is banking on 5G revenues from India. Huawei is continuously working and communicating with... Read More

September 17th, 2021 3:55 PM 1 COMMENTS

Airtel Payments Bank Rewards123Plus Account Available at Rs 499 Per Year With Free Disney+ Hotstar

Airtel Payments Bank today announced the launch of Rewards123Plus digital savings account which will be available for users at an annual fee of Rs 499 which aimed to offer multiple cashbacks and benefits. In addition to the assured benefits on different types of digital transactions, the Rewards123Plus account also offers a one-year Disney+ Hotstar Mobile subscription to the users. Airtel Payments Bank Rewards123Plus Savings Account Will Offer Disney+ Hotstar Customers... Read More

September 17th, 2021 8:55 AM 2 COMMENTS

Bharti Airtel, Vi Might Get Total Rs 22,000 Crores of Bank Guarantees Back from DoT

Both Bharti Airtel and Vodafone Idea (Vi) might get a total of Rs 22,000 crores back from the Department of Telecommunications (DoT) if they opt for the moratorium of spectrum payments for the next four years. The Rs 22,000 crores in concern here are the Bank Guarantees (BGs) that the telcos had provided to the DoT. Out of the Rs 22,000 crores, Vodafone Idea will get Rs 14,000 crores and... Read More

August 31st, 2021 1:15 PM 0 COMMENTS

Bharti Enterprises to Get Airtel Payments Bank Shares Worth Rs 294 Crore

Bharti Enterprises is getting Airtel Payments Bank shares worth Rs 294 crores from the Kotak Mahindra Bank. Airtel Payments Bank Limited (APBL) is the finance arm of Bharti Airtel. The Kotak Mahindra Bank is selling its 20 crore shares in the APBL to Bharti Enterprises for a cash consideration of Rs 294 crore. Kotak Mahindra Bank will be selling its 8.57% stake in the Airtel Payments Bank Limited (APBL) to... Read More

August 26th, 2021 12:32 AM 4 COMMENTS

COAI Asks DoT to Redefine AGR, Remove Bank Guarantees

The Cellular Operators Association of India (COAI) has asked the government to completely remove the system of bank guarantees (BGs) for the telcos. Further, the industry body has asked for redefining the adjusted gross revenue (AGR) dues. Both have become issues for the industry, particularly Bharti Airtel and Vodafone Idea. Through a tweet, SP Kochhar, Director General, COAI, said that the AGR definition should only include telecom revenues. In another... Read More

August 24th, 2021 5:33 PM 0 COMMENTS

Bharti Airtel Bank Guarantees Not to be Invoked: SC to DoT

The Supreme Court (SC) has directed the Department of Telecommunications (DoT) to not invoke bank guarantees (BGs) against Bharti Airtel. The government was seeking the adjusted gross revenue (AGR) dues from Bharti Airtel that Videocon Telecommunications (VTL) owed. The amount sought by the telecom department was Rs 1,376 crore. According to an ET Telecom report, DoT had ordered Bharti Airtel to pay the due amount within a week or else... Read More

August 14th, 2021 5:32 PM 1 COMMENTS

Airtel Payments Bank Breaks Even After 55 Months of Launching

Bharti Airtel is one other company that can be said to be faring well in the Indian telecom industry apart from Reliance Jio. The telecom operator, besides having a reliance telecom business on the consumer front, has other services that it offers. Bharti Airtel’s business arm is another feather on the cap, and now it seems that Airtel Payments Bank has joined the same category. As per Anubrata Biswas, Chief... Read More

August 13th, 2021 3:35 PM 38 COMMENTS

BSNL Can Gain 2G Customers of Vi In Case of Bankruptcy

There is a fear amid the market that Vodafone Idea (Vi) might go bankrupt in case the telco doesn’t get enough relief from the government or isn’t able to find a new investor. This would hurt all the users on the telco’s network as they will have to port their SIMs to other companies’ networks. However, Bharat Sanchar Nigam Limited (BSNL) might benefit a lot from the bankruptcy of Vodafone... Read More

August 8th, 2021 5:16 PM 19 COMMENTS

DoT Steps In With Banks Trying to Solve Telcos Finance Issues

The situation with Vodafone Idea in the telecom industry seems to be growing grimmer with each passing moment. The question looms over the telecom operator whether or not it might go under. If this happens, not only will it be a big hit for the consumers, but the lenders of the company will also be facing the brunt of the collapse. Being a big name in the telecom industry, Vodafone... Read More

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