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

August 6th, 2021 10:35 AM 28 COMMENTS

Vodafone Idea Unlikely to File Bankruptcy

It’s all become about Vodafone Idea in the last few days. Everyone’s talking about the telco taking guesses at its future. Many believe that the company doesn’t have any future at all, while some are rooting for it to ensure that a healthy balance in the telecom industry is maintained. One of the biggest worries for the investors is the telco heading towards a possible bankruptcy due to not having... Read More

August 5th, 2021 9:13 AM 0 COMMENTS

Bharti Airtel Ready to Monetise Stake in Airtel Payments Bank: Vittal

Bharti Airtel is ready to go ahead with monetising stake in its online banking arm - Airtel Payments Bank if such a situation arrives. It will be the telco’s way to arrange for resources in case it needs it. Neither of the operators got any relief from the adjusted gross revenue (AGR) dues decision made by the Supreme Court. While it is more devastating for Vodafone Idea, even Bharti Airtel... Read More

July 30th, 2021 3:20 PM 0 COMMENTS

Airtel Payments Bank Records 50 Million Cash Withdrawal Transactions

Airtel Payments Bank today announced that it recorded near about 50 million cash withdrawal transactions through AePS (Aadhaar Enabled Payment Services) platform in FY21. The Bank holds around 7% market share in AePS. More than 74% of these transactions were processed by Airtel Payments Bank’s neighbourhood banking points located in Tier 5/6 towns. Airtel Payments Bank has India’s largest retail network with 500,000 neighbourhood banking points, and 50% of these... Read More

July 28th, 2021 12:08 PM 0 COMMENTS

Hughes Satellite Broadband to Connect 1800 Indian Banking Sites

Hughes Communications India Private Ltd. (HCIPL), a leading provider of broadband satellite and managed network services and a wholly-owned subsidiary of Hughes Network Systems, LLC (HUGHES), today announced its selection by the Bank of India (BoI) to provide satellite network connectivity to 1,800 bank branches across the country. The project brings satellite connectivity to Aryavart Bank, Madhya Pradesh Gramin Bank (MPGB), Vidarbha Konkan Gramin Bank (VKGB), and BoI branches that... Read More

July 27th, 2021 11:44 AM 16 COMMENTS

BSNL, Vodafone Idea Merger Only Solution: Deutsche Bank

Both Bharat Sanchar Nigam Limited (BSNL) and Vodafone Idea (Vi) are struggling really hard to maintain their position in the Indian market. Neither of the telcos has been profitable for a long time and are also not getting sufficient cash-inflow to sustain for a long period. Vi is looking for raising capital while BSNL is trying to push its 4G operations, but neither of the telcos has gotten any further.... Read More

July 16th, 2021 4:52 PM 0 COMMENTS

WhatsApp Might Start Being Used By Banks to Share Pension Related Info

WhatsApp is becoming more and more competition-proof as days roll by. Although no messaging application has been able to get to WhatsApp’s level of popularity, but given the increasing competition with the app, there was certainly pressure on WhatsApp to innovate and improve and offer some of the features which were available on applications other than WhatsApp. Now it seems that WhatsApp might be levelling up from simply being a... Read More

July 8th, 2021 1:16 PM 1 COMMENTS

Airtel Payments Bank ‘Pay to Contacts’ Feature for UPI Payments Launched

Bharti Airtel's online banking arm, Airtel Payments Bank has announced ‘Pay to contacts’, which will allow customers in initiating a UPI payment very conveniently by choosing the receiver’s mobile number from their contacts list. 'Pay to Contacts' will show the valid UPI id associated with the contact that the user has chosen, irrespective of the UPI app that the receiver is using. This removes the need to enter the UPI... Read More

July 5th, 2021 12:11 PM 0 COMMENTS

Airtel Payments Bank Logs High Growth Courtesy of Lockdown

Bharti Airtel is seemingly adding a new revenue source to its existing base of customers, and that seems to be Airtel Payments Bank. The Payment Bank, which was one of the first of its kind to start operations in India, is now expecting to break even this year. This means that all the investments that Bharti Airtel has poured into Airtel Payments Bank until now will start giving back returns,... Read More

June 1st, 2021 12:39 PM 0 COMMENTS

Bharti Airtel Sees Great Future for its Banking Arm

Airtel Payments Bank, an online payments banking arm of Bharti Airtel, has a great future in the country. The business is all set to break even by the end of this financial year. The Airtel Payments Bank got a boost on the arrival of COVID-19, which pushed users to transact more online. With the banking arm of the company all set to bring in profits, Airtel is confident about its... Read More

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