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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 .
Airtel has started a new mCommerce platform called Airtel Money in collaboration with Infosys and SmartTrust (now Giesecke & Devrient). The platform was launched on 5 April 2012, at Infosys' headquarters in Bangalore. Using Airtel Money, users can transfer money, pay bills and perform other financial transactions directly on the mobile phone. [49]
The Airtel Money platform is a primary contributor to financial inclusion and a key point for financial inclusion with over 5 million customers as at 31 March 2018. Airtel Uganda launched Mobile Commerce in 2012.
Airtel Africa plc is a British company that provides telecommunications and mobile money services in 14 countries in Africa, primarily in East, Central and West Africa. Airtel Africa is majority owned by the Indian telecommunications company Bharti Airtel .
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As of December 2018, data from the Communications Authority of Kenya showed that Equitel was the second-biggest mobile-money transfer service in Kenya with over 2.075 million subscribers. During this period, they transacted a total of Ksh467.2 billion ($4.25 billion). This value was 22.04% of Kenya’s mobile money transactions. [12]
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Airtel Tanzania is the market leader with a 38% market share. [85] Uganda: airtel Uganda: Airtel Uganda stands as the No. 2 operator with a market share of 38%. [85] Zambia: airtel Zambia Airtel Zambia is the second market leader in Zambia with a 40% market share of the mobile network sector. [91] Channel Islands † : Jersey Guernsey: Airtel ...