A mobile banking venture by Bharti Airtel and visa ##card Bank has launched in 29 countries across India . The two companies are planning to build a pan - India banking network that includes payments . Last year , the Reserve Bank of India began giving licences to customers outside the financial system , and Bharti Airtel , with 250,000 retail stores in India , was the first company of its kind to receive a payments licence .
A mobile payments venture by Bharti Airtel and Kotak Mahindra Bank has launched in 29 states across India. The two firms are planning to build a pan-India banking network that includes payments. Last year, the Reserve Bank of India began giving licences to companies outside the financial system, and Bharti Airtel, with 250,000 retail stores in India, was the first company of its kind to receive a payments licence.