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Airtel Payments Bank Limited said that it has extended its footprint to South India by rolling out pilot services in Andhra Pradesh and Telangana, following a successful pilot roll out in Rajasthan, where over 100,000 customers opened savings accounts in less than two weeks of commencement of services.
In Andhra Pradesh and Telangana, Airtel
Payments Bank is rolling out pilot services across 8,000 Airtel retail outlets in Andhra Pradesh and 7,000 outlets in Telangana, which also acts as banking points. 70 % of these banking points are in rural areas, thereby driving financial inclusion and reaching unbanked/underbanked areas.
Airtel Payments Bank offers basic banking services to customers by leveraging Airtel’s vast retail network and taking basic banking services to the doorstep of customers via neighborhood Airtel retailers.
Customers will now be able to open bank accounts at any of the designated Airtel retail outlets and enjoy a host of convenient banking services. Customers opening a savings account with Airtel Payments Bank will also get one minute of Airtel mobile talk time for every Rupee deposited.
“We are pleased to rollout our pilot services in Andhra Pradesh and Telangana and look forward to serving customers and contributing the financial inclusion vision of the two states. We have received an extremely positive response from customers in Rajasthan and would like to replicate the same in AP and Telangana before we rollout our services nationally,"Shashi Arora, MD & CEO – Airtel Payments Bank said.
Airtel Payments Bank is a fully digital and paperless bank and customers can access services over their mobile phones, including all feature/basic mobile phones.
Airtel Payments Bank: airtel payments bank rolls out pilot services in andhra pradesh and telangana, Telecom News, ET Telecom
In Andhra Pradesh and Telangana, Airtel
Payments Bank is rolling out pilot services across 8,000 Airtel retail outlets in Andhra Pradesh and 7,000 outlets in Telangana, which also acts as banking points. 70 % of these banking points are in rural areas, thereby driving financial inclusion and reaching unbanked/underbanked areas.
Airtel Payments Bank offers basic banking services to customers by leveraging Airtel’s vast retail network and taking basic banking services to the doorstep of customers via neighborhood Airtel retailers.
Customers will now be able to open bank accounts at any of the designated Airtel retail outlets and enjoy a host of convenient banking services. Customers opening a savings account with Airtel Payments Bank will also get one minute of Airtel mobile talk time for every Rupee deposited.
“We are pleased to rollout our pilot services in Andhra Pradesh and Telangana and look forward to serving customers and contributing the financial inclusion vision of the two states. We have received an extremely positive response from customers in Rajasthan and would like to replicate the same in AP and Telangana before we rollout our services nationally,"Shashi Arora, MD & CEO – Airtel Payments Bank said.
Airtel Payments Bank is a fully digital and paperless bank and customers can access services over their mobile phones, including all feature/basic mobile phones.
Airtel Payments Bank: airtel payments bank rolls out pilot services in andhra pradesh and telangana, Telecom News, ET Telecom
