Download Airtel Payments Bank

Airtel Payments Bank has a unique solution to answer all the problems that you might have faced with the traditional banking system in India. Here, in our country, banking used to be a chore, while endless queues and long formalities, documentations only ended up making everyone frown. Not anymore, though. Airtel Payments Bank looks to solve all of that, as it has been launched with the idea of making online banking easier and smoother for everyone.

If you are thinking how to get your Airtel Payments Bank account open or just wondering how much time it takes to get Airtel bank account open, then here are some ways mentioned below. You would be glad to know that you can open Airtel Payments Bank account via both online and offline methods.

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If you are not comfortable with the Airtel Thanks app, then you can also go ahead and open your bank account offline. To do so, you need to visit the nearest Airtel banking point. However, do remember to carry your personal ID and some other documents that might be required for opening a bank account.

Airtel Payments Bank is an Indian payments bank with its headquarters in New Delhi.[3] The company is a subsidiary of Bharti Airtel.[4]On 5 January 2022, it was granted the scheduled bank status by Reserve Bank of India under second schedule of RBI Act, 1934.[5]

Airtel Payments Bank has 62 million users and serves them through its digital platform and a retail-based distribution network. The Bank has built a network of over 500,000 neighborhood banking points.[11]

In September 2017, Airtel Payments Bank launched UPI enabled digital payments to facilitate secure digital payments. Customers need to link their bank accounts on BHIM before they can make UPI payments. For UPI-based payments and transfers, customers are not required to furnish their bank details to enable transactions.[12]

IDEMIA, the global leader in identity technologies and biometric solutions, today announces that it has joined hands with Airtel Payments Bank and HMD Global, the home of Nokia Phones to expand the reach of offline CBDC (Central Bank Digital Currency) payments in India.

All the three organizations would be working together to introduce an advanced offline payment system over the next few months that would facilitate the use of the digital Rupee (CBDC issued by the Reserve Bank of India) on feature phones and promoting financial inclusion. For the first time in the industry, an attempt is being made to bring CBDC payments on feature phones via an application interface.

We are confident that this collaboration will allow us to further expand the reach of digital payments and be the pioneers in the development of acceptance of digital rupee in India. Our alliance with Nokia and Airtel Payment Bank is poised to provide valuable insights and contributions to the evolution of offline retail CBDC systems.

Amit KAKATIKAR, SVP Payment Solutions at IDEMIA

As the journey towards advancing digital payments in India continues, IDEMIA, Nokia feature phones, and Airtel Payment Bank remain resolute in their dedication to unlock financial inclusion through offline payments, making the digital Rupee available everywhere, at any time and for everyone.

Bharti Airtel is India's largest telecom conglomerate, with a subscriber base of over 340 million. It created Airtel Payments Bank (APB) to serve the nation through simple, easy and accessible banking solutions. Subscribers receive perks for banking and saving activities and can easily accept and send payments.

Pradipt is the Chief Information Officer at Bharti Airtel Limited. He anchors the technology and digital agenda for airtel and is passionate about harnessing the power of tech to deliver and enable platforms, products and solutions. Pradipt focuses on business values and outcomes and works on building high performing teams and on delivering impact with agility.

Manish Pandey, CISO of Airtel Payments Bank, has worked in several industries, including e-commerce, academics and fast-moving consumer goods ITeS, and banking. So he has seen first-hand the challenges of the cybersecurity skills gap in multiple contexts.

New Delhi: Taking yet another step towards building the best digital banking experience, Airtel Payments Bank announced that it would enable Face Authentication-based savings bank account opening for customers on the Airtel Thanks App. The facility which will go live by the end of the year 2023 will allow users to open an account digitally with the Bank, using face biometrics as e-KYC, within minutes from anywhere in the country. Airtel Payments Bank is the first Bank in the country to test this facility on its mobile app.

Anubrata Biswas, MD & CEO of Airtel Payments Bank said, At Airtel Payments Bank, we leverage the latest technology to enhance our digital services, ensuring that our banking solutions are user-friendly. The face authentication for e-KYC is secure, fast, and paperless, making the digital account-opening journey seamless. Furthermore, this technology will use India's Digital Public Infrastructure, reducing dramatically the cost to serve and increasing access, thus furthering Digital India. We're confident that our customers will benefit from this service, and we're thankful to the Unique Identification Authority of India for their continuous support and partnership with us to make this India-first facility available."

The payments bank said it saw a strong demand for its customised plans that allow savings bank account customers to get additional benefits like insurance on an annual basis by making an additional payment.

The Unique Identification Authority of India (UIDAI) has suspended the eKYC licence of Airtel Payments Bank alleging it routed LPG subsidy payments worth Rs 190 crore to its payments bank accounts, wherein some of the accounts were opened and force-seeded with Aadhaar without the informed consent of the customers. The UIDAI has also penalised the bank Rs 2.5 crore. What Airtel has done seems like finding loopholes in the Aadhaar payments system and exploiting them. At the time of going to press, Airtel was given restricted relief for using its eKYC and authentication service only for reverification and issuance of SIM cards.

The department of telecom mandates operators to verify each mobile number with Aadhaar. The problem with this process is that it is difficult for government agencies to differentiate the nature of consent - whether the consent was taken for SIM verification or opening a bank account. Only users can take note of such violations and report to the UIDAI. While this is an area where Airtel has violated norms, but when it comes to subsidy transfers, banks have an easy way to exploit the system.

For instance, NPCI, the umbrella organisation for retail payments, says a bank is required to ask the user if he or she wants subsidy payments in a particular account. In this case, Airtel should have asked users if they want their subsidy transfers to be shifted from their other bank account to Airtel payments bank account. But in the absence of any statutory powers being given to NPCI, its rules could be easily flouted by banks. The agencies need to fix some of these loopholes to avoid repetition of such instances.

His comments came on the heels of the payments bank reporting a net profit at `7.7 crore during the second quarter, up 157% year-on-year (YoY), led by a higher growth in revenues and gross merchandise value (GMV).

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

"The success we have attained reaffirms the viability of the payments bank model, underscoring its pivotal role in addressing the digital and financial inclusion needs of India. We are well poised for a sustained growth and we remain committed to advancing our reach," Airtel Payments Bank MD and CEO Anubrata Biswas said.

The debit cards will be made of r-PVC (recycled polyvinyl chloride), which the bank believes is environmentally safe. Furthermore, the bank indicated that each batch of 50,000 cards manufactured would save carbon emissions by 350 KGswhen compared to market-standard PVC cards.

Airtel Payments Bank is working on two classic cards: a customised Classic card and an Insta Classic card. The former is available for purchase via the Airtel Thanks app, while the latter will be accessible at certain neighbourhood banking locations by the end of the current quarter.

In its strongest action yet, the Unique Identification Authority of India (UIDAI) has temporarily barred Bharti Airtel and Airtel Payments Bank from conducting Aadhaar-based SIM verification of mobile customers using eKYC process as well as e-KYC of payments bank clients.

Sources said in response to the first notice of September 18, Airtel and Airtel Bank stated that they have amended their process and the opening of a bank account is completely de-linked from the process of re-verification of mobile connection.

These replies were found to be unsatisfactory by UIDAI, which issued another notice on November 24. The company responded by saying no bank account was opened without the consent of the customers and additional safeguards have been introduced.

In December 2017, it was revealed that the large telco Bharti Airtel made use of Aadhaar-linked eKYC (electronic Know Your Customer) to open bank accounts for their customers without their knowledge or consent. eKYC is a way of using data in the UIDAI database as part of the verification process, which Airtel made use of for the issuing of SIM cards, and also secretly opened bank accounts with their Airtel Payments Bank. More than 2 million accounts could have been opened, receiving more than 400 million rupees in subsidies into the accounts. This was found to be in breach of the Aadhaar Act; Airtel's punishment was to have their ability to use eKYC for the issuing of SIM cards temporarily suspended. 17dc91bb1f