Airtel Payments Bank-Mastercard poweredonline Debit and Prepaid
cards clocked a major milestone, crossing two million users in India within
five months of the launch. This innovative digital payments solution
enables Airtel Payments Bank customers to make secure and convenient digital
payments at over 100,000 ecommerce websites and other online portals.
The online card can be accessed by all Airtel Payments Bank
customers via the My Airtel app inside the bank section.
This achievement comes close on the heels of the recently
launched Digital Evolution Index, an exclusive report that was recently
commissioned by Mastercard and the Fletcher School at Tufts University. It
places India among the Break-Out economies, hinting at the country’s strong
potential to emerge as a full-fledged digital economy.
Commenting on the feat, Shashi Arora, MD & CEO, Airtel
Payments Bank said, “We are delighted
with the customer response to our online debit and prepaid cards that further
validates the growing acceptance of our digital payment platform in India. I
would also like to take this opportunity to thank Mastercard for their
continued support via the payments processing platform, ensuring safe,
innovative and fast payments.”
Porush Singh, Country Corporate Officer, India and Division
President, South Asia, Mastercard said, “It is heartening to see that cards issued by Airtel
Payments Bank have clocked such an impressive growth. As the payments
processing partner, we are pleased to collaborate with Airtel Payments Bank to
offer a safer, innovative and faster payments experience to its customers. Such
a significant growth for online debit and prepaid cards also indicates a rising
tendency to shop online, besides an increasing receptivity among consumers to
embrace cashless practices.”
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