Airtel Payments Bank launched in India

Airtel launched its first payments bank in the country. The company has rolled out the service in all the 29 states of the country.

Airtel Payments Bank, a fully digital and paperless bank, aims to take basic banking services to the doorstep of every Indian by leveraging Airtel’s vast retail network.

Airtel retail stores across the country will also function as banking points, and customers will be able to open savings accounts, deposit and withdraw cash across any of these banking points.

The Payments Bank will not charge any processing fee from its customers and merchants partners for digital transactions. The company has also rolled out an app for the Payments bank, which is available for both Android and iOS users.