Airtel Payments Bank sees surge in number of customer applications: CEO

Against the crisis at Paytm Payments Bank, Airtel Payments Bank, the payment banking arm of telecom player Bharti Airtel, is seeing an increased daily uptake in customer applications.

The company said, given the trend, the bank would add one million on a monthly basis.

“Around two or three quarters back, we were acquiring 800,000 consumers a month. Now it is 900,000. In the next couple of quarters, we will cross million consumers a month,” said Anubrata Biswas, managing director and chief executive officer, Airtel Payments Bank, in a call with Business Standard after its Q3FY24 results.