Bharti Airtel Ltd.

BSE: 532454 | NSE: BHARTIARTL
Large Cap | Telecommunication - Service Provider
1965.60
19.35 (0.99%)
< Home < Back

Bharti Airtel's arm enters into partnership with HPCL

Date: 01-08-2017

Airtel Payments Bank, a subsidiary of Bharti Airtel, has entered into a strategic partnership with Hindustan Petroleum Corporation (HPCL) in order to give further boost to digital payments in the country and to add to customer convenience.

All 14,000 HPCL fuel stations will act as banking points for Airtel Payments Bank. All Airtel Payments Bank customers would be able to access a range of convenient banking services at these 14,000 fuel stations. The services include open new accounts, make cash deposits and withdrawals facility and transfer money. This will add to the depth and reach of Airtel Payments Bank’s retail based network that leverages over 300,000 Airtel retail outlets as banking points.

Airtel Payments Bank customers will also be able to make secure and convenient digital payments for fuel purchases across 14,000 HPCL fuel stations by using their mobile phones. This partnership will further expand Airtel’s nationwide digital payments ecosystem that has over 3 million merchant partners/outlets across India.