Bharti Airtel’s arm -- Airtel Payments Bank is experiencing strong tailwinds of demand and will grow its banking points and deepen product offering range this year, as it looks to raise customer count and average realisation per user.
Airtel Payments Bank will also launch its physical debit card for rural banking consumers in September quarter (Q2FY24), having launched it already in urban markets. The payments bank has grown by a CAGR of 35-40 per cent between mid 2018 and mid 2023, and expects to close the June quarter (Q1) with an annualised run rate of Rs 1,600 crore.
Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.
