Airtel Payments Bank CEO Anubrata Biswas is optimistic about the growth prospects of payments banks in India, driven by financial inclusion initiatives and rapid digital growth. Airtel Payments Bank has seen significant growth in users, revenue, and profits in FY24 and has nearly 500,000 banking points nationwide. The bank offers digital banking solutions and financial services targeting urban, rural, and business segments.
The Business Banking Solution Suite combines the benefits of Airtel Payments Bank s current account and the ability to receive payments through a QR code with audible payment confirmation through the newly launched soundbox, along with a plan that provides complimentary insurance benefits, the company said. Further, the suite enables merchants to apply for loans from Airtel Payments Bank’s partners.
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The deal with MSL enables Ugro Capital to enter the tech-enabled embedded finance market. The non-bank lender will initially pay Rs 28 crore to acquire 76% of MSL, while the remaining Rs 17 crore will be paid later to secure full ownership of the company.
TECH NEWS : Airtel Payments Bank's suite, led by Anubrata Biswas, promotes digital banking adoption among small and mid-size merchants. It includes insurance, loa