Airtel Payments Bank, a subsidiary of Bharti Airtel, has reported its quarterly revenues at Rs 674 crore in Q2 FY25. This is 58% up YoY and 10% QoQ. The bank posted a net profit of Rs 11.2 crore, up 45% YoY. The EBITDA (earnings before interest tax depreciation and amortisation) witnessed an increase of 87% YoY to Rs 76.1 crore in Q2 FY25. Read More - Bharti Airtel Could Boost... Read More
Airtel Payments Bank has collaborated with NCRTC (National Capital Region Transport Corporation) to launch co-branded National Common Mobility Cards (NCMC). These cards, designed to enhance passenger convenience, include Debit, Prepaid, and Prepaid Payment Instruments for Mass Transit Solutions (PPI-MTS) options. "Exclusively issued by Airtel Payments Bank, these NCMC cards aim to streamline the travel experience for millions of commuters on Namo Bharat trains," Airtel Payments Bank said on Thursday. Also... Read More
Airtel Payments Bank, the fintech arm of Bharti Airtel, participated in the Global Fintech Fest 2024, which took place from August 28 to August 30 in Mumbai. During the event, Airtel Payments Bank (APB) showcased several innovations aimed at advancing fintech in India. Let's take a look at the announcements APB made during the event: Also Read: Airtel Payments Bank Launches NCMC-Enabled Smartwatch in Collaboration with Noise 1. Showcases Self-Reliant... Read More
Airtel Payments Bank, in partnership with Noise and the National Payments Corporation of India (NPCI), has unveiled a NCMC (National Common Mobility Card) - enabled smartwatch featuring an embedded RuPay chip. The announcement was made at the Global Fintech Fest 2024. Airtel Payments Bank has also showcased the prototypes of this smartwatch at the Global Fintech Fest 2024, the official release said. Also Read: Airtel Payments Bank Launches Smart Watch... Read More
Airtel Payments Bank has introducued a new feature called Face Match. It is meant to make the account more secure for the user. Face Match uses sophesticated machine learning algorithms for calculating a threat score for each savings bank account user. This will depend on several factors such as user behaviour, transaction location and patter, device, and more. Also Read: Airtel Payments Bank launches BizKhata for Small Businesses and Merchants The... Read More
Bharti Airtel-owned Airtel Payments Bank is growing its business rapidly in India. Taking the digital-first approach to reach the under-banked population in the country, Airtel Payments Bank has achieved a milestone of crossing Rs 600 crore revenue for the first time in a single quarter. In FY20, the company had first time achieved the annual revenue run rate of Rs 1,000 crore. Now, it has more than doubled with this.... Read More
Airtel Payments Bank, a subsidiary of Bharti Airtel, allows users to open instant digital savings accounts. A highlight of this account is that it allows zero balance without any charge. In fact, there are solutions for businesses as well. But right now, we will be focusing on the savings account that Airtel Payments Bank offers to customers. If you have the Airtel Thanks app, you can access Payments Bank through... Read More
Airtel Payments Bank said its revenue for FY24 stood at Rs 1,836 crore, marking a 42 percent increase year-over-year (YoY), while net profit rose by 60 percent YoY to Rs 34.5 crore. Bharti Airtel's Payments Bank arm announced its results for the financial year ended on March 31, 2024, registering a surge in performance. Also Read: Airtel Payments Bank Launches Smart Watch for Contactless Payments Key Performance Metrics Airtel Payments... Read More
Airtel Payments Bank today announced the launch of a Smart Watch to bring Tap and Pay to every wrist. In its endeavour for a New Way to Pay and to make contactless payments accessible to a larger customer base, Airtel Payments Bank has partnered with the smartwatch brand Noise and Mastercard. "Bringing the power of Tap and Pay to every wrist, the initiative will empower users to unlock the full... Read More
Airtel Payments Bank (APB) has announced a new feature that will enable customers to open savings bank accounts using Face Authentication-based e-KYC through the Airtel Thanks App. This feature is set to go live by the end of the year 2023, allowing users to digitally open bank accounts within minutes from anywhere in India. On Thursday, Airtel Payments Bank announced that it is the first bank in the country to... Read More
IDEMIA, a global identity technologies and biometric solutions provider, has partnered with Airtel Payments Bank of Bharti Airtel and HMD Global, the home of Nokia Phones, to extend the reach of offline Central Bank Digital Currency (CBDC) payments in India. Also Read: Airtel Payments Bank Becomes First Indian Bank to Launch Eco-Friendly Debit Card Offline CBDC Payments According to the statement, IDEMIA, Airtel Payments Bank, and HMD Global will jointly... Read More
Airtel Payments Bank has partnered with Mastercard and Frontier Markets to help women-owned businesses in India. Together, the companies launched the She Leads Bharat: Udyam initiative to help 1 lakh or 1,00,000 women-owned small businesses. The initiative focuses on small businesses in Uttar Pradesh and Rajasthan. These businesses will be able to learn and earn more with the help of the 'Meri Saheli Platform'. According to a Mint report, 10,000... Read More
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