Airtel adage to bring millions unbanked into banking folds
Author yuvamind
New Delhi: Bharti Airtel nowadays same the payments bank licence can facilitate in delivery countless unbanked Indians into the folds of banking services.
Airtel ' s entirely in hand subsidiary Airtel M Commerce Services restricted (AMSL) has been granted the approval for payments bank by the RBI.
"We give thanks the banking concern of Republic of India for granting the payments bank licence to Airtel M Commerce Services restricted.
We tend to are assured that this move can play a polar role in delivery countless unbanked Indians into the folds of banking," an Airtel proponent same in an exceedingly statement.
The statement accessorial that Airtel appearance forward to conducive in an exceedingly important method and more the government ' s larger money inclusion agenda.
Airtel cash, launched in 2011, was the primary mobile primarily based pre-paid payment instrument service within the country. The corporate had earlier same that it ' s deep and wide distribution reach particularly in rural and remote components of the country with a network of over 1.4 million retail points.