Airtel Payments Bank Became the First Payments Bank in India to Integrate the Unified Payments Interface (UPI)

By September 18th, 2017 AT 5:17 PM

Airtel Payments Bank, the digital payments platform on Sunday announced the integration of Unified Payments Interface (UPI) on its digital platform. By integration UPI on its platform, Airtel Payments Bank becomes the first payments bank in India to offer UPI services on its platform.

airtel-payments-bank-mastercard

“This would allow all our 20 million bank customers to create their personalised UPI handles on the Airtel app and enable them to make digital payments in both the offline and online space. Our bank customers would also be able to link their bank accounts to BHIM app and make UPI payments,” said Shashi Arora, MD and CEO, Airtel Payments Bank.

“Payments banks are capable of facilitating remittances and payments to a large user base especially to the underserved area as per the RBI’s vision. We are happy to on-board Airtel Payments Bank on BHIM/UPI platform,” said Dilip Asbe, Chief Operating Officer, National Payments Corp of India (NPCI).

“Through this association, we foresee a significant rise in digital transactions at untapped merchant locations and person-to-person payments space,” Dilip added.

Having said that, this will add to customer choice and convenience for making secure digital payments to online/offline merchants and making instant transfers to any bank account in India.

“For UPI-based payments and transfers, the customers are not required to furnish their bank details to enable transactions and can create easy to remember IDs, ensuring optimal data security,” said Airtel in a press statement.

Also, you can now add the Airtel Payments Bank as a UPI payment option in UPI-based apps such as Google Tez, BHIM, PhonePe, etc. Airtel Payments Bank recently announced a strategic partnership with Hindustan Petroleum Corporation Limited (HPCL), to give a further boost to digital payments in the country and to add to customer convenience.

Airtel Payments Bank currently has over one million merchants in its platform, and the country’s largest telecom operator has already set up over 300,000 Airtel retail outlets as banking points.

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AbhishekDebuTelecomloverkirti khuranaChaitanya Das Recent comment authors
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kirti khurana
kirti khurana

airtel will gain 10 million payments bank customers through the cheating they are doing right now. Even you go for Aadhaar verification they will automatically create an airtel payments bank account without your conscience. Now I’m facing these two major problems – . I can’t use my credit card (it’s become useless for me for recharges & bills payment) the Cashback has-been reduced to 2percent from 5percent after wallet upgrade . Airtel CC isn’t closing my account because there is some balance left in it & i could fully consumer that balance because it can’t be fully consumer in paise.… Read more »

kirti khurana
kirti khurana

*100 million

Debu
Debu

PhonePe will give u cashback only for first 3-5 Transaction.. Payments banks deal is good now.. create UPI ID and get 100 rs (t&c) , 50% cashback right now for airtel transaction! See my transaction.. all the transaction u see in the screenshot is reward.

Screenshot_2017-09-19-08-39-31-627_com.myairtelapp.png
Abhishek
Abhishek

When I did aadhaar verification I got 2 emails, one from Bharti Airtel and One from Airtel Payments bank but my airtel still shows as wallet account and I can’t use UPI and debit card.

kiku
kiku

airtel will gain 10 million payments bank cuisines

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