InvestorQ : What is the latest partnership agreement between Airtel Payment Bank and MasterCard?
Chandralekha Desai made post

What is the latest partnership agreement between Airtel Payment Bank and MasterCard?

Answer
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Mitali Bhutta answered.
5 months ago


Airtel Payments Bank (part of Bharti Airtel) has partnered with MasterCard to build customised solutions for payments such as tap-and-pay NFC, credit facility and other neighbourhood banking services for farmers and SMEs. The target audience will be the under-banked market. The joint digital platform will provide farmers with knowledge about advanced farming techniques and connection to marketplaces, while simultaneously enabling them to receive payments directly in their Airtel Payments Bank account. Airtel Payments Bank currently has 4 crore customers and this tie-up will allow them to up their ante. This will include contact-less payments.