Air­tel Pay­ments Bank crosses one lakh sav­ings ac­counts’ mile­stone in UP

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Air­tel Pay­ments Bank has opened over one lakh ( 100,000) sav­ings ac­counts in Ut­tar Pradesh within the first two weeks of its launch.

Ap­prox­i­mately 60% of th­ese ac­counts have been opened in ru­ral areas, un­der­lin­ing the mas­sive scope for serv­ing cus­tomers, par­tic­u­larly in un­banked and un­der-banked pock­ets of the State.

Air­tel Pay­ments Bank, a fully dig­i­tal and pa­per­less bank, aims to take ba­sic bank­ing ser­vices to the doorstep of ev­ery In­dian by lever­ag­ing Air­tel’s vast re­tail net­work. In Ut­tar Pradesh (UP), over 12,000 neigh­bour­hood Air­tel re­tail stores also func­tion as bank­ing points, and cus­tomers will be able to open sav­ings ac­counts, de­posit and with­draw cash across any of th­ese bank­ing points. Nearly two-thirds of th­ese bank­ing points across the state are in ru­ral areas, help­ing in ex­tend­ing the reach of ser­vices to un­banked re­gions.

Shashi Arora, MD & CEO, Air­tel Pay­ments Bank said, “We are also build­ing a dig­i­tal pay­ments ecosys­tem that will en­able cus­tomers to make cash­less pay­ments for goods and ser­vices across mil­lions of mer­chants across the coun­try and in­vite mer­chants across Ut­tar Pradesh to be a part of this ecosys­tem.”

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