Bharti Airtel’S Payments Bank Unit Has Been Permitted by RBI (Download PDF)


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Bharti Airtel’s payments bank venture — Airtel M Commerce Services Ltd (AMCS) has approved by the Reserve Bank of India (RBI). And with this approval AMCS has become the first entity to receive final approval from the RBI to start a payments bank.

  • Airtel M Commerce is a subsidiary of Bharti Airtel, a telecom company, and private sector lender Kotak Mahindra Bank has up to 19.9 % stake in Airtel M Commerce.
  • Note: The Payments Banks are not allowed to loan. From now, a tie-up with banks will help them source loans for their customers.


  • RBI had granted in-principle licences to 11 entities to start payments banks previously in August 2015.
  • And this ‘in-principle’ approval was valid for 18 months, during that time RBI had asked applicants to comply with the licensing norms.
  • Most of the players have to apply for the final licences who have received the payments licences.
  • Cholamandalam Distribution Services Ltd. who has received the payments licences has decided not to go ahead with the venture.
  • Some of the other players that have received such differentiated licences are:
  1. Tech Mahindra
  2. Vodaphone m-pesa
  3. Reliance Industries
  4. Fino Pay Tech
  5. Vijay Shekhar Sharma
  6. Founder of the mobile wallet Paytm and among others.

About Bharti Airtel

  • Bharti Airtel Limited is an Indian global telecommunications Services Company.
  • It was founded on 7th July 1995.
  • Its headquartered is located at New Delhi, India.
  • It operates in 20 countries across South Asia, Africa, and the Channel Islands.
  1. Airtel provides:
  2. GSM
  3. 3G and 4G LTE mobile services
  4. fixed line broadband
  5. voice services
  • It is India’s largest mobile network operator and the third largest in the world with 325 million subscribers.

- Published/Last Modified on: April 12, 2016


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