Airtel Payments Bank offers Airtel-to-Airtel voice minutes on first time deposits to push uptake
Airtel Payments Bank said that customers opening a saving account will get one minute of talk time on their Airtel mobile for every rupee deposited.
If a customer opens an account with a deposit of Rs 1000 then he/she will get 1000 minutes of free talk time on his/her Airtel mobile number. The talk time can be used for Airtel to Airtel calling all over India.
This benefit is applicable on first time deposits only, and comes with a validity of 30 days.
Airtel Payments Bank has rolled out pilot services in Rajasthan with the objective of testing its systems and processes ahead of full scale pan-India launch.
Customers in towns and villages across Rajasthan will now be able 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.
Airtel Payments Bank will commence the pilot with banking points at 10,000 Airtel retail outlets.
"We are leveraging Airtel’s telecom ecosystem to bring banking services to the doorsteps of every Indian. We are confident that this additional benefit along with the industry-best interest rate on deposits will encourage customers to open accounts with us and give a big boost to customer acquisition," Shashi Arora, MD & CEO, Airtel Payments Bank said in a statement.
The company said that it is undertaking a massive drive to enroll over one lakh merchants in Rajasthan by the year-end, who will not be charged anything for accepting digital payments from Airtel Payments Bank customers.
"We believe this will boost the digital payments ecosystem hugely and reduce dependence on cash," the executive said.
A wide network of merchants (sellers/shops) across Rajasthan will accept digital payments from Airtel Payments Bank from day one, offering customers the convenience of cashless purchase of goods and services via their mobile phones in a quick and secure manner. Airtel Payments Bank plans to expand its merchant network in Rajasthan to 100,000 by the end of the year, giving a big boost to digital payments ecosystem.
Bharti Airtel: Airtel Payments Bank offers Airtel-to-Airtel voice minutes on first time deposits to push uptake - ET Telecom
