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Payments bank News

26 Oct 2021

PhonePe clarifies its stand on processing fee, here's what it says on payments

PhonePe running payment experiment. Small section of users being charged processing. Rs 1 for recharges of Rs 51-100, Rs 2 for recharges above Rs 100.

22 Oct 2021

PhonePe big festive offer! Get assured cashback on mobile recharges

PhonePe cashback offers. Cashback on prepaid mobile recharges. Know how to avail the PhonePe offer?

Airtel Payments Bank

19 Apr 2021

Airtel Payments Bank increases day-end balance limit to Rs 2 lakh from Rs 1L

Payments bank deposit limit hiked. Increase from Rs 1 lakh to Rs 2 lakh. Maximum end-of-day balance hiked.

08 Apr 2021

Mobile wallet to turn into a bank, e-wallet account limit raised to Rs 2 lakh

Payments bank deposit limit hiked. Increase from Rs 1 lakh to Rs 2 lakh. Maximum end-of-day balance hiked.

07 Apr 2021

RBI hikes Payments Banks deposit limit per customer from Rs 1L to Rs 2L

Payments bank deposit limit hiked. Increase from Rs 1 lakh to Rs 2 lakh. Maximum end-of-day balance hiked.

India Post Payments Bank

09 Sep 2019

India Post Payments Bank rolls out Aadhaar enabled payment services

With AePS services any common person with a bank account linked to Aadhaar can perform basic banking services such as cash withdrawals and balance enquiry irrespective of the bank they hold their account with.

Aditya Birla Idea Payments Bank

23 Feb 2018

Aditya Birla Idea Payments Bank begins operations

Payments bank are being promoted by the Reserve Bank to further financial inclusion.

23 May 2017

Paytm launches payments bank; offers 4% interest, cashbacks on deposits, zero fees on transactions, no minimum balance

Paytm is the third entity in the country to launch a payments bank after Airtel and India Post.

17 May 2017

Paytm to start payments bank from May 23; Renu Satti to be CEO

After months of delay, Paytm is now set to commence its payments bank operations from May 23, having received the final approval from the Reserve Bank of India.

30 Jan 2017

Arun Jaitley launches Indian post payment bank

Airtel Payments Bank

13 Jan 2017

Airtel launched first payment bank of India

Airtel Payments Bank

12 Jan 2017

Airtel Payments Bank launches nationwide operations

Finance Minister Arun on Thursday launched the Airtel Payments Bank. Airtel Payments Bank launched its nationwide operations with an initial investment of Rs 3,000 crore and offering an interest rate of 7.25 per cent for savings accounts.

Airtel Payments Bank

12 Jan 2017

Airtel Payments Bank: All you need to know

Know the key facts about the Airtel Payments Bank.

Airtel Payments Bank

12 Jan 2017

Airtel Payments Bank to be launched today

During pilot phase, Airtel Payments Bank announced interest rate of 7.25 percent on deposits, free money transfer from Airtel to Airtel numbers within Airtel Bank, money transfer to any bank account in India.

11 Jan 2017

After pilot services, Airtel to officially launch its Payments Bank Thursday

For the same, Airtel has sent out a media invite which reads “For the launch of Airtel Payments Bank – India's first payments bank by Arun Jaitley”.

03 Jan 2017

Paytm gets RBI licence to launch Payments Bank; operations likely from next month

Paytm Payments Bank will be the second one to be set up in the country after Airtel Payments Bank launched its pilot bank in Rajasthan in November 2016.

23 Nov 2016

Airtel opens India's first Payments Bank, starts pilot services in Rajasthan

Airtel Payments Bank is a subsidiary of Bharti Airtel. The bank will offer interest rate of 7.25 percent per annum on deposits in savings accounts.

24 May 2016

Tech Mahindra becomes 3rd entity to quit payments bank plan; cites margin concerns

Tech Mahindra is the third applicant to abandon the plan to set up payments bank after Cholamandalam which quit last month and Dilip Shanghvi-IDFC Bank-Telenor combine last Friday.

18 Apr 2016

Payments banks do not have a viable business model: SBI chief Arundhati Bhattacharya

Small and payments banks have not yet devised a business model which can be termed viable, SBI Chairperson Arundhati Bhattacharya said Monday.

11 Apr 2016

Bharti Airtel, Kotak joint venture gets payment bank licence

The apex bank, Reserve Bank of India, on Monday granted payments bank licence to telecom service provider Bharti Airtel, for which it had applied in partnership with Kotak Mahindra Bank, a company statement said here.

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