News

Airtel Payment Bank receives scheduled bank approval in India

Wednesday 5 January 2022 14:56 CET | News

The Reserve Bank of India (RBI) has announced it has included Airtel Payment Bank in the list of approved financial institutions to operate as a scheduled commercial bank.

Airtel Payments Bank saw a marked increase in new accounts opened during the FY21, as transactions too rose, the company official said. At present, one in six villages in the country is being served by Airtel Payments Bank.

Its digital banking solutions allow users to open a bank account in five minutes using video KYC, make secure payments using Safe Pay and get benefits with the 'Rewards123' programme. Airtel Payments Bank can offer its solutions to both the urban digital and the rural underbanked customer. The products are user-need focussed and designed to bring users into the ambit of digital inclusion.


More: Link


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Open Banking, KYC, digital banking
Categories: Banking & Fintech
Companies: Airtel Payments Bank, Reserve Bank of India
Countries: India
This article is part of category

Banking & Fintech

Airtel Payments Bank

|

Reserve Bank of India

|
Discover all the Company news on Airtel Payments Bank and other articles related to Airtel Payments Bank in The Paypers News, Reports, and insights on the payments and fintech industry:





Industry Events