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Airtel Payments Bank is an Indian payments bank with its headquarters in New Delhi. [3] The company is a subsidiary of Bharti Airtel . [ 4 ] On 5 January 2022, it was granted the scheduled bank status by the Reserve Bank of India under the second schedule of RBI Act, 1934 .
Paytm Payments Bank and Airtel Payments Bank together command over 88% of the deposits in payment banks in India in 2018. According to the Reserve Bank of India's report on ‘Trend and progress of Banking in India 2017-2018', the payment banks reported losses in the financial year 2017-2018, after a weak performance in the FY 2016-17. [14]
Airtel Payments Bank From a page move : This is a redirect from a page that has been moved (renamed). This page was kept as a redirect to avoid breaking links, both internal and external, that may have been made to the old page name.
The first phase of the bank, with 650 branches and 3,250 post offices as access points was inaugurated on 1 September 2018. [5] [6] Over ten thousand postmen have been roped into the first phase. [7] [8] By September 2020, the bank had acquired about 3.5 crore customers. [9] The bank had acquired about 4 crore customers by December 2020.
Airtel had also rolled out its Voice over LTE (VoLTE) technology across all Indian telecom circles. [6] It is the second largest mobile network operator in India and the second largest mobile network operator in the world. [4] Airtel was named India's 2nd most valuable brand in the first ever Brandz ranking by Millward Brown and WPP plc. [7]
Unified Payments Interface (UPI) is an Indian instant payment system as well as protocol developed by the National Payments Corporation of India (NPCI) in 2016. The interface facilitates inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions.
He invested in YTS Solutions, [3] a banking company focused on individuals without active bank accounts in India. In 2014, he applied to the Reserve Bank of India (RBI) for a small finance bank license. [4] In 2015, he became the CEO of Airtel Money Services Limited, which was later renamed Airtel Payments Bank. [5]
Online banking and internet payment gateway (IPG): An internet payments platform; Interactive voice response (IVR): helps organizations accept payments through credit and debit card over a phone call; Mobile computing app that enables payment services. The Atom mobile app allows payments through debit and credit cards, IMPS, cash cards, and net ...