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 Executive Officer of Airtel Payments Bank, the company has finally turned profitable after 55 months of business. As per the CEO, the start of the year 2020 was tough for the company with the COVID restrictions and lockdown, but the need for nearby banking and online payments solutions has driven the growth for Airtel Payments Bank.

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Airtel Payments Bank Doubling Every 18 Months

As per Biswas, this event marks a “cherished milestone” in the life of the company as it has been a much-awaited day. In the last few years, he remarked that Airtel Payments Bank has been growing rapidly and doubling every 18 months. He also added that the company is a significant player when it comes to digital and financial inclusion in the country. As per the PTI report on the matter, Biswas remarked the words to his employees. He said that even though it has been a challenging aim for the team of Airtel Payments Bank, they have been relentless at it. Further, he added that the need for secure digital payments and neighbourhood banking requirements during the lockdown helped Airtel Payments Bank was able to accelerate easily.