Bharti Airtel’s subsidiary -- Airtel Payments Bank has started rolling out 1.5 lakh micro ATMS in a phased manner across tier 2 cities and semi-urban regions to facilitate cash withdrawal for its customers. The Bank will gradually expand its service to cover more banking points in a phased manner.
Micro ATMs will be rolled out in a phased manner. Initially, the bank will place 1.50 lakh units in Tier II cities and semi-urban regions. These regions typically have a high demand for cash withdrawal services but limited access to ATMs. The bank will leverage its strong network of over 5 lakh banking points across India to give users access to easy cash withdrawals through this initiative. The company has plans to finish the rollout of 1.5 lakh micro ATMs by the end of the current fiscal.
Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.
