January 11th, 2022 10:16 AM 0 COMMENTS

Vodafone Idea Raises Rs 5000 Crore from Banks to Pay NCD Instalments

Vodafone Idea (Vi), the joint venture between the Vodafone Group Plc and the Aditya Birla Group, has reportedly raised Rs 5000 crore as a short-term loan from the banks including HDFC Bank, IDFC Bank, the State Bank of India (SBI), Union Bank of India, and IndusInd. The telco has to pay two dues in two instalments to the non-convertible debenture (NCD) holders by February 2022. According to an ET Telecom... Read More

January 6th, 2022 1:42 PM 0 COMMENTS

Airtel Payments Bank, Park+ to Offer FASTag Based Smart Parking Solutions

Airtel Payments Bank has partnered with Park+ to offer FASTag based Smart Parking solutions. The partnership will focus on digitising the parking ecosystem using FASTag associated with a respective vehicle. Airtel Payments Bank is one of the leading online banking and wallet platforms with a deep reach in India, while Park+ is the market leader in automating parking spaces through FASTag. Even the majority of FASTag transactions in the country... Read More

December 29th, 2021 10:23 AM 2 COMMENTS

Reliance Jio Talking With Top Banks and MFs for Raising Funds

Reliance Jio is reportedly looking to raise around Rs 8,000 crore through corporate bonds to clear leftover spectrum dues of 2014 and 2015 auctions. According to ET Telecom, the bonds will arrive with five, three, or two-year tenors. Reliance Jio is in talks with the top banks as well as mutual funds in the country. As per the publication’s report, the Jio bonds will attract interest rates of 6.2% and... Read More

December 26th, 2021 10:13 PM 0 COMMENTS

Airtel Payments Bank Goes Beyond 1 Billion Transactions Mark in Q2 of 2021-2022

Airtel Payments Bank has crossed the milestone of surpassing a total of 1 billion transactions volume during the September quarter of 2021-22. The numbers mean that Airtel has grown 61% on year-on-year growth in transaction volume per quarter. The ability to grow at such large scale in such a small period of time can be credited to the bank’s digital-first model and distribution of over 5,00,000 banking points. The growth... Read More

December 9th, 2021 1:48 PM 0 COMMENTS

Vodafone Idea Chairman Says Banks Will Soon Need to Rethink Strategy

The world is shifting towards a digital ecosystem of banking and payments. The online transaction volume for digital payments is expected to rise over to 70% in 2025 from 39% in 2021. This will compel banks to rethink their brick and mortar strategy, says Himanshu Kapania, Vodafone Idea Chairman. Kapania noted that the “groceries and apparel” segment were the key drivers of e-commerce growth in India. Global Investors Are Acknowledging... Read More

November 25th, 2021 12:06 PM 0 COMMENTS

Vodafone Idea to Benefit Most if DoT Returns Bank Guarantees

Vodafone Idea (Vi) is going to be the biggest beneficiary out of all the private telecom operators if the government decides to return the bank guarantees to the telcos. The Department of Telecommunications (DoT) is likely going to tell the Supreme Court that it plans on returning the bank guarantees (BGs) to the telcos, even the BGs that are currently sub judice. According to an ET Telecom report, the returned... Read More

November 12th, 2021 4:50 PM 0 COMMENTS

Airtel Payments Bank Poised to Grow Further in the Next Year

In the September quarter of this year, Airtel Payments Bank (APB) turned profitable. Now, it plans to double its business correspondents network across the country and drive monetisation via a combination of internet-based income and transactions apart from boosting revenues from cash management services in the B2B segment, revealed senior industry executives familiar with the matter. Airtel Payments Bank Poised to Grow Over the next 12 months, APB is eyeing... Read More

November 10th, 2021 9:00 AM 0 COMMENTS

Vodafone Idea Could Get Easier Repayment Terms from Banks

Vodafone Idea (Vi) could soon get easier repayment terms from the banks. But this will only happen if the promoters of the company pitch in with additional capital or if the telco somehow manages to raise fresh funds. According to an ET Telecom report, Vodafone Idea is currently in talks with the banks and lenders, including the State Bank of India (SBI), which alone has an exposure of about Rs... Read More

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

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