Airtel Payments Bank is an Indian payments bank that provides online payment services, including recharge, utility payments, and cashback on recharge and bill payments. It is a subsidiary of Bharti Airtel, Indias largest telecom conglomerate, with a subscriber base of over 340 million. Airtel Payments Bank was granted scheduled bank status by the Reserve Bank of India under the second schedule of the RBI Act, 1934, on January 5, 2022.
With Airtel Payments Bank account, customers can deposit and withdraw cash, transfer funds to other Airtel Payments Bank accounts and other bank accounts. The bank also offers risk-free collection management services, simple salary solutions, bulk utility payments, and effective banking solutions to businesses. Subscribers receive perks for banking and saving activities and can easily accept and send payments.
Airtel Payments Bank has an intuitive user interface and user experience for businesses, and it has won awards for its digital initiatives. To manage the anticipated volume of data, customer data, transactional data, and call data, the company has deployed a production storage infrastructure built on NetApp all-flash hardware, the A300. With a robust underlying infrastructure built on NetApp, Airtel Payments Bank can support banking services now and into the future.