Tag: business correspondents

  • Airtel Payments Bank empowers 100,000 women to lead banking revolution

    Airtel Payments Bank empowers 100,000 women to lead banking revolution

    MUMBAI: Money talks, but not everyone gets to hear it. Airtel Payments Bank is changing that, one woman at a time. On this International Women’s Day, the bank is making a bold statement—financial empowerment isn’t just for the boardrooms; it starts at the grassroots. With an army of 100,000 women business correspondents (BCs) now in action, Airtel Payments Bank is rewriting the rules of banking accessibility in India.

    Airtel Payments Bank has long been at the forefront of bringing banking to the unbanked. With a sprawling network of 500,000+ banking points, the bank has reached the deepest corners of India, making financial services as accessible as the local kirana store. But the real game-changer? Women. These BCs are more than just intermediaries; they are financial lifelines, helping communities access essential services like account opening, fund transfers, bill payments, and micro-loans.

    “Women have always been at the heart of our mission to bring financial services to every corner of the country,” said Airtel Payments Bank COO Ganesh Ananthanarayanan. “Through our women BC network, we are not only promoting financial inclusion but also empowering women to become change makers in their communities. This International Women’s Day, we celebrate their incredible contributions to advancing banking access, especially in remote areas. We are committed to growing this network even further and bringing more women into the financial mainstream.”

    Over 80 per cent of these correspondents operate in tier three towns and beyond, proving that financial inclusion isn’t just a corporate buzzword—it’s a movement. By focusing on training and upskilling women entrepreneurs, Airtel Payments Bank is not just creating jobs; it’s unlocking financial independence for thousands of women who, in turn, empower millions.

    Looking ahead, Airtel Payments Bank plans to continue scaling this initiative, bringing even more women into the fold. Because when women hold the purse strings, entire communities thrive.

  • PayTM’s Vijay Shekhar Sharma to chair IAMAI Payments Banks Group

    PayTM’s Vijay Shekhar Sharma to chair IAMAI Payments Banks Group

    Mumbai: PayTM founder Vijay Shekhar Sharma will chair the newly formed Payments Banks Group at the Internet and Mobile Association of India (IAMAI) while Vodafone India business head (M-Pesa) Suresh Sethi will be the vice-chairman of the group.

    Commenting on the development, Sharma said, “Payments Banks is an innovative model of bringing unbanked population into the formal banking fold. PayTM along with other license holders, would make financial services accessible for every Indian through this innovative route.”

    Currently, 6 out of the 10 payments banks’ primary licensees are IAMAI members. According to President Subho Ray, “the other 4 primary licensees have in principal agreed to join when they are in operation.”

    In addition, IAMAI has more than 50 companies representing PPIs, Wallets, Aggregators, Business Correspondents, and PoS Operators among others as members.

     

  • PayTM’s Vijay Shekhar Sharma to chair IAMAI Payments Banks Group

    PayTM’s Vijay Shekhar Sharma to chair IAMAI Payments Banks Group

    Mumbai: PayTM founder Vijay Shekhar Sharma will chair the newly formed Payments Banks Group at the Internet and Mobile Association of India (IAMAI) while Vodafone India business head (M-Pesa) Suresh Sethi will be the vice-chairman of the group.

    Commenting on the development, Sharma said, “Payments Banks is an innovative model of bringing unbanked population into the formal banking fold. PayTM along with other license holders, would make financial services accessible for every Indian through this innovative route.”

    Currently, 6 out of the 10 payments banks’ primary licensees are IAMAI members. According to President Subho Ray, “the other 4 primary licensees have in principal agreed to join when they are in operation.”

    In addition, IAMAI has more than 50 companies representing PPIs, Wallets, Aggregators, Business Correspondents, and PoS Operators among others as members.