Airtel Payments Bank aims to raise merchant base to 25 lakh in few months

Airtel Payments Bank on Tuesday said it aims to expand its merchant base to 25 lakh in the next few months from 15 lakh at present.

“Airtel Payments Bank has close to 1.5 million merchants, across multiple categories and formats. The bank aims to expand its merchant base and plans to add over one million new merchants to its network in the coming months,” Airtel Payments Bank said in a statement.

To attract more merchants, the bank said it has introduced two new features — ‘Smart ePOS’ and ‘On-Demand Settlement’ — in the existing app.

“Smart ePoS enables merchants to use their smartphones as a PoS machine to accept digital payments and not worry about handling cash,” the statement said.