Airtel Payments Bank sees spike in new customers
Financial Express Mumbai|February 16, 2024
AIRTEL PAYMENTS BANK has experienced a significant surge in new customers applying online for various services, including bank account openings and FASTags, over the past few days, managing director and chief executive officer Anubrata Biswas told FE.
PIYUSH SHUKLA
Airtel Payments Bank sees spike in new customers

Biswas' comments came in the backdrop of the Reserve Bank of India's action against Paytm Payments Bank on January 31, when the regulator directed it to stop offering fresh deposits, credit and top-ups in FasTag accounts after February 29.

"We are seeing, over the last few weeks and days, a significant uptick in customers applying to us. Online applications for our digital products, including savings account and FASTags, have grown five times each," Biswas said.

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