Bharti Airtel recently said that its online banking subsidiary, Airtel Payments Bank, could be a unicorn. For the unaware, unicorn is a term used for companies/startups whose valuation goes beyond a billion dollars. Airtel Payments Bank had turned profitable in 2021. For FY22, the company’s profits were Rs 9 crore, and the total revenues were up by 50% to Rs 941 crore. This should ideally place Airtel Payments Bank in... Read More
Bharti Airtel, the second-largest telecom operator in the country, owns one of the most successful fintech companies called, Airtel Payments Bank. It is an online payments bank that allows users to transact money very conveniently whenever they want. But with online banking comes the risk of fraudsters tricking people into traps for stealing their money. However, Airtel has equipped its payments platform with a feature called ‘Safe Pay’, which makes... Read More
Bharti Airtel, the second-largest telecom operator in the country, has partnered up with Muthoot Finance to offer gold loans to customers. Bharti Airtel owned banking subsidiary; Airtel Payments Bank, has started offering easy access to credit to its customers. Users of Airtel Payments Bank will be able to apply for a gold loan from Muthoot Finance within a minute on the Airtel Thanks app. Airtel and Muthoot Finance Will Not... Read More
Airtel Payments Bank, one of the most successful fintech companies in India has appointed a new Chief Information and Security Officer (CISO). The person appointed for this role is Manish Pandey. The company announced this via LinkedIn post. With fintech applications/platforms, security and user privacy are the biggest factors for consumers. Pandey will be directly reporting to Pradeep Rangi, Chief Risk Officer (CRO) of Airtel Payments Bank. The post was... Read More
Airtel Payments Bank, one of the most successful online payments banks in India, is available for customers directly on WhatsApp for banking services. If opening the application on your smartphone is a hassle, don’t worry; you can do online banking with Airtel Payments Bank directly through WhatsApp. To get started, just text a ‘Hi’ on ‘8800688006’. Top Features of WhatsApp Banking With Airtel Payments Bank One of the most appreciated... Read More
Bharti Airtel’s subsidiary Airtel Payments Bank, offers a gold investment service for its users across India. The company calls it DigiGold, and under this service, it allows users to purchase and sell gold online right from the comfort of their homes. The gold that is offered by DigiGold to its users is 24K 99.50% pure in nature. The gold can be bought and sold anytime by the users. Moreover, users... Read More
If you are an Airtel Payments Bank customer, you can now directly buy insurance for your smartphone from ICICI Lombard General Insurance Company on the Airtel Thanks app. ICICI Lombard General Insurance Company Limited is an Indian general insurance company that involves general insurance, reinsurance, insurance claims management and investment management. With the new partnership, Airtel Payments Bank has solidified its insurance offering portfolio on the platform. A press release... Read More
Bharti Airtel’s online banking subsidiary called Airtel Payments Bank (APB) last year announced the arrival of a new security feature — ‘Airtel Safe Pay’. The company has called it the safest way for Indians to make digital payments. The whole premise of Airtel Safe Pay is to add another layer of security for the payments made through net banking or UPI. This enables users to have the peace of mind... Read More
Airtel Payments Bank (APB), an online banking subsidiary of Bharti Airtel, the second-largest telecom operator in the country, had a great performance in 2021. APB benefitted a lot from the Reserve Bank of India’s (RBI) decision of increasing the day-end savings limit to Rs 2 lakh last year. Earlier, the limit was Rs 1 lakh. As customers or users could save more money in their APB online savings account, the... Read More
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
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
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
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