Bharti Airtel’s arm -- Airtel Payments Bank has reported 41% year-on-year growth in revenue to Rs 400 crore in the first quarter ended June 30, 2023 (Q1FY24). The customer deposits at Airtel Payments grew to Rs 1,922 crore and it now has 5.54 crore monthly transacting users, an annualised gross merchandise value (GMV) of Rs 2,381,00 crore and revenue of over Rs 1,600 crore on an annual basis. It processes over 7 billion annualised transactions across its platforms. The payments bank has more than 3,000 corporate partners and a network of 500,000 banking points spread across the country.
Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.
