Airtel Payments Bank, a subsidiary of Bharti Airtel, today said that it has rolled out a pilot of its banking services in Rajasthan.
The pilot is aimed at testing systems and processes ahead of a full scale pan Indian launch. With this, Airtel Bank becomes the first payments bank in the country to go LIVE.
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 Bank will commence the pilot with banking points at 10,000 Airtel retail outlets. A wide network of merchants (sellers/shops) across Rajasthan will accept digital payments from Airtel 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 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.
Airtel Bank is a fully digital and paperless bank. Airtel Banking points will offer bank account opening services and cash deposit & withdrawal facilities.