Moving towards the goal of a cashless economy which is part of the Digital India initiative, Airtel has now launched the Airtel Payments Bank.
Airtel has announced the launch of the Airtel Payments Bank in Rajasthan. The pilot project, which is launched in Rajasthan ahead of the full scale pan Indian launch, would be accessible across 10000 Airtel retail outlets in the state.
The Airtel Payments Bank would enable customers to open bank accounts at Airtel retail outlets, which will also act as Airtel banking points and offer a range of basic, convenient banking services such as cash deposit and withdrawal facilities.
Further, a wide network of merchants (sellers/shops) will accept digital payments from Airtel Bank, offering customers the convenience of cashless purchase of goods and services via their mobile phones in a quick and secure manner.
Speaking about the launch, Shashi Arora, MD & CEO, Airtel Payments Bank, said, “Airtel Payments Bank will play an important role in taking banking services to the last mile in a quick and efficient manner and benefit millions of unbanked citizens of this country. With this pilot, we have taken a big step towards the launch of our banking services and will be testing our operational readiness for full-scale launch across India.”