India’s largest telecom service provider Airtel has launched Indian first Payments Bank. Airtel payments bank is a joint venture with Kotak Mahindra bank which acquired 1 million subscribers in the first month of its launch. Anyone in India with an Aadhar Card can instantly open a saving account with Airtel payments bank. Currently, you can only open one account per person. Airtel payments bank is currently offering 7.25% interest on its saving account. On top of that, you get an equivalent amount of talk time on your Airtel mobile which is currently capped at 500 minutes. If this sounds interesting to you, read along to know how to Open Airtel Payments Bank Account.
Today, Prime Minister of India, Mr. Narendra Modi launched an official payment app called BHIM “Bharat Interface for Mobile“. The app is a part of the digital India push towards cashless payments. The app integrates with a customer’s bank account and phone number to enable secure payments. All transactions made on this platform uses the secure UPI network managed by the Government of India. Users can send money directly by scanning the barcode or using the recipient’s mobile number. The BHIM UPI app brings exciting new opportunities for India’s financial tech scene. If you want to get started with the BHIM UPI app, read along to know how.