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

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.”