India: Airtel rolls out Payments Bank, vows to shake up old banking system

India: Airtel rolls out Payments Bank, vows to shake up old banking system

REUTERS/Adnan Abidi

Airtel Payments Bank (APB), a joint venture between Bharti Airtel Ltd and Kotak Mahindra Bank Ltd, said it will spend Rs3,000 crore to develop a pan-India banking network and digital payments ecosystem.

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