September 6th, 2018 2:39 PM 0 COMMENTS

Airtel Payments Bank Users Can Now Make Card-Less Cash Withdrawals at Over 1 Lakh ATMs

Airtel Payments Bank has tied up with global cloud-payment solutions provider, Empays, to allow its users to make card-less cash withdrawals at over one lakh ATMs across India. Starting today, Airtel Payments Bank' savings account holders will be able to withdraw cash using just their mobile phone through the card-less cash technology called IMT (Instant Money Transfer). The technology can be used for self-withdrawal or for sending money to an... Read More

March 9th, 2018 9:07 PM 33 COMMENTS

Airtel Payments Bank Suffers a Blow of Rs 5 Crore from RBI After Violating eKYC Norms

The Reserve Bank of India (RBI) today imposed a fine of Rs 5 crore on Airtel Payments Bank Limited for breaking the Know Your Customer (KYC) guidelines. “It is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers,” stated RBI. This will come as a massive blow for Airtel Payments Bank unit, and it's unknown at the moment when... Read More

January 8th, 2018 11:57 AM 32 COMMENTS

Airtel Payments Bank Terminates Partnership with 1,000 Retailers, Imposes Heavy Penalty of Around 50 Times: Report

Airtel Payments Bank has reportedly removed nearly 1,000 retailers from its network chain for not following the correct procedure while signing up customers. Airtel has conducted an internal investigation to minimise such errors in the future. For the unaware, Airtel recently received a temporary eKYC license suspension for opening Airtel Payments Bank account of customers without their notice. People familiar with the matter told Economic Times that Airtel "levied a... Read More

December 26th, 2017 12:42 PM 13 COMMENTS

We Could Have Handled the Airtel Payments Bank Issue Much Better: Gopal Vittal to His Employees

For the past two weeks or so, Bharti Airtel made the headlines due to the Airtel Payments Bank account opening issue without customer's knowledge. In fact, Aadhaar body UIDAI also suspended the eKYC license of Airtel. However, the telecom operator received back the license very quickly, although for a temporary period until January 10, 2018. UIDAI is yet to release the eKYC license of Airtel Payments Bank though. Airtel was... Read More

October 30th, 2017 1:41 PM 10 COMMENTS

Airtel Payments Bank Gets UPI Integration: Things You Need to Know

India's leading telecom operator, Bharti Airtel, earlier this year forayed into the banking sector by announcing India's first Payments Bank service, the Airtel Payments Bank. Currently, Airtel Payments Bank has more than one million merchants on board. Recently, Airtel Payments Bank has integrated Unified Payment Interface (UPI). Doing so, Airtel Payments Bank became the first payments bank in the country to offer UPI services. Airtel Payments Bank currently has over... Read More

June 24th, 2017 7:45 AM 6 COMMENTS

All You Need to Know About Payments Banks Launched in India Until Now

Payments banks are predicted to change our country's poor banking system in coming days. As majority of payments bank license, approved by Reserve Bank of India are directly or indirectly related to Telecom industries, it can be assumed that India's telecom industry can be a partner in changing the banking landscape, or banking system can be revamped by telecom majors-owned, stripped down version of conventional banks, which are in turn... Read More

June 15th, 2017 2:42 PM 6 COMMENTS

Everything You Need to Know About Payments Banks in India as a Consumer (Video)

In the last one year or so, the word Payments Bank is hitting everyone's mouth across the country. Back in August 2015, Reserve Bank of India (RBI) approved 11 applicants to open the Payments Bank service in India. And the major ones among the list are Airtel, India Post, Paytm, Aditya Birla Nuvo LTD, Vodafone m-Pesa, Reliance Industries LTD. [youtube https://www.youtube.com/watch?v=MIlzO5jpRCU] All the major telecom operators in the country are... Read More

May 8th, 2017 1:23 PM 0 COMMENTS

Bharti Airtel and Ola’s Partnership Adds Airtel Payments Bank as One of the Payment Option for OLA Riders

Bharti Airtel, the country’s largest telecom operator, has announced a strategic partnership with Ola, the transportation service to offer a wide-range of digital services to customers. Both Airtel and Ola’s applications will now provide a comprehensive ecosystem to address the country’s growing mobility needs. “Ola will leverage Airtel’s integrated suite of enterprise services to power its operations, while Airtel will leverage Ola’s vast network of hundreds and thousands of driver... Read More

April 10th, 2017 8:00 PM 2 COMMENTS

Airtel Payments Bank Opens 1 Lakh Savings Accounts in Madhya Pradesh Since its Inception

India’s first payments Bank, Airtel Payments Bank has announced that the company has opened over one lakh (1,00,000) savings accounts in Madhya Pradesh. Airtel said that approximately 70 percent of these accounts had been opened in rural areas. The telco commenced the Airtel Payments Bank operations back in January 2017. Airtel Payments Bank has been successful in most of the areas ever since its inception and Airtel has converted all... Read More

March 15th, 2017 12:43 PM 2 COMMENTS

Airtel Payments Bank Spreads Across 100 Villages of Tamil Nadu to go Cashless

India's first payments Bank, Airtel Payments Bank today announced that they had enabled 100 villages across Tamil Nadu to go cashless as part of its endeavour to take its banking services deep into rural/unbanked areas and contribute to financial inclusion in the country. All the 100 villages will now have access to essential banking services and the option of making digital payments, making them less reliant on cash. Every village... Read More

March 6th, 2017 3:18 PM 0 COMMENTS

Now Pay at Any Spencer’s Retail Store in India Using Airtel Payments Bank

India's first payments Bank, Airtel Payments Bank owned and managed by Bharti Airtel, today announced that its customers could make digital payments at all Spencer's retails outlets across 35 cities/towns in India. Of late, Airtel has been working hard on adding new merchants to its digital payment ecosystem, which already has over one million merchants. Airtel Payments Bank customers will enjoy 10 percent cash back on all digital payments for... Read More

February 14th, 2017 4:41 PM 6 COMMENTS

200 Villages In India Go Digital Due To Airtel Payments Bank, Says Airtel

Airtel Payments Bank has helped 200 villages in India to go digital, according to a release by Airtel. These 200 villages now get access to basic banking services and options to do digital transactions, making them less reliant on cash. Airtel will continue to expand its Payment Bank services to 5000 villages soon. The service provider has not announced any timeframe to achieve the same. “We are fully committed to... Read More

Recent Comments

Anand :

Why is the Govt not shutting down MTNL, in spite of its unrepairable condition and no future? And allowing BSNL…

MTNL Defaults on Yet Another Payment

Siva , Chennai, TN :

recently they forced to take 2 postpaid connections, because i selected numbers (online) not ready to provide in prepaid. Looking…

Vodafone Idea Says Customer Experience at Retail Stores Driving Postpaid…

Shivraj roy :

lmaoo blatant lies Vi employee lies to the customer that Vi prepaid sim is out of stock and you need…

Vodafone Idea Says Customer Experience at Retail Stores Driving Postpaid…

Gaurang :

I don't think so, I fully believe that BSNL fill fumble it's 4G either by underutilizing it's Band 41, or…

Airtel, BSNL, and Jio Add Wireless Subscribers in March 2025,…

T A :

It will help jio 4G and airtel 4G customer to use vi 4G if they get network. It would definitely…

Airtel, BSNL, and Jio Add Wireless Subscribers in March 2025,…

Load More
Enable Notifications OK No thanks