Summary:
Airtel Payments Bank marked a significant milestone by surpassing one billion transactions in January 2025, showcasing an impressive 47% year-on-year growth in transaction volume. This achievement underscores the growing preference for digital banking solutions and the strength of the bank's diversified business approach, as highlighted by Managing Director and CEO, Mr. Anubrata Biswas. Serving a broad spectrum of customers, including urban digital users, underbanked communities and various industries, the bank operates over 5,00,000 banking points across India, with 100 million users transacting monthly.
A key contributor to this success is the bank’s ‘Safe Second Account,’ which offers enhanced payment verification and has gained considerable traction among customers. Additionally, the bank has issued more than two million RuPay National Common Mobility Cards (NCMC), meeting the rising demand for secure and convenient payment solutions. Airtel Payments Bank has also experienced significant growth in transactions through Unified Payments Interface (UPI), FASTag, Aadhaar enabled Payment System (AePS) and mobile recharges. In the third quarter of the financial year 2025 (Q3 FY25), the bank reported revenues of Rs. 700 crore (US$ 80.70 million) and a net profit of Rs. 18.5 crore (US$ 2.10 million). Further demonstrating its role in driving financial inclusion, Airtel Payments Bank facilitates the digitisation of cash transactions worth Rs. 8,000 crore (US$ 921.90 million) each month through its extensive network of 4,000 corporate partnerships.
Source: IBEF
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