Bharti Airtel՚s Payments Bank Unit Has Been Permitted by RBI

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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.

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