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Airtel Africa is a subsidiary of Bharti Airtel, which provides telecommunications and Mobile Payment services in 14 countries in Africa, primarily in East, Central, and West Africa. Airtel Nigeria is the most profitable unit of Airtel Africa, due to its cheap data plans in Nigeria.
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 .
Tata Docomo was an Indian mobile network operator, a wholly owned subsidiary of Tata Teleservices deriving its name from NTT Docomo who invested in the company in 2008. In October 2017, Bharti Airtel announced a merger deal with Tata Teleservices and the acquisition of Tata Docomo. [3]
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 4G trials has been started in Delhi from 18 June 2015. [27] Airtel had 95,173,000 4G subscribers as of June 2019. [28] As of June 2019, Airtel provides 4G coverage in all India in 22 circles. [29] Airtel extended its 4G network to 15 km off India's coastline, following a request by the Indian Navy. [30]
NPCI and Fonepay Payment Service announced the launch of UPI for cross-border transactions on 9 March 2024. [202] Nepal Rastra Bank began allowing Nepali citizens to pay merchants in India by scanning UPI QR codes from 27 June 2024. For commercial payments, there is a daily limit of ₹15,000 and a monthly limit of ₹100,000. [203]
Emtel later launches m-payment to enable mobile payment of Emtel bills via SMS, other services such as utility bill payment or cinema ticket purchase to be launched. In August, Emtel launches SOS Refill which enables the user to obtain a Rs 5 emergency credit if they have less than Rs3 on their prepaid balance.
RCom would assume the liability for installments that SSTL had to pay the government from purchasing spectrum. The liability amounted ₹ 392 crore annually for 10 years. As a result of the deal, Reliance acquired nearly 9 million subscribers, as well as SSTL's spectrum in the 850 MHz band. [ 7 ]