Airtel Payments Bank surpasses 1 bn transactions in Q2

Airtel Payments Bank crossed one billion transactions volume milestone on its platform during September quarter 2021-22, according to sources. This represents about 61 per cent year-on-year growth in transaction volume per quarter, underlining the bank’s digital-first model and distribution of over 5,00,000 banking points that give it the ability to scale up rapidly.

For Airtel Payments Bank, the growth in transactions volume has been sustained following the big pivot amid the pandemic as customer preference for digital payments surged, the source said adding that the company recently crossed one billion transactions per quarter mark.

The growth has been driven by uptake for its diversified digital product offerings – UPI-based payments, FASTag, bill and utility payments, and mobile and DTH recharge as well as its set of retail solutions, the source added.

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