The Airtel Payments Bank-Mastercard powered online debit and prepaid card has clocked a milestone, crossing two million users in India within five months of its launch. This digital payments solution enables Airtel Payments Bank customers to make secure and convenient digital payments at over 100,000 e-commerce websites and other online portals. The online card can be accessed by all Airtel Payments Bank customers via the My Airtel app in the bank section. Commenting on the development, Shashi Arora, MD & CEO, Airtel Payments Bank said, “We are delighted with the customer response to our online debit and prepaid cards that further validates the growing acceptance of our digital payments platform in India". Porush Singh, Country Corporate Officer, India and Division President, South Asia, Mastercard said, “It is heartening to see that cards issued by Airtel Payments Bank have clocked such an impressive growth". This achievement comes close on the heels of the recently launched Digital Evolution Index, an exclusive report that was recently commissioned by Mastercard and the Fletcher School at Tufts University. It places India among the Break-Out economies, pointing to the country’s potential to emerge as a full-fledged digital economy. Srivats.kr@thehindu.co.in
India's Airtel Payments Bank's online debit and prepaid card, backed by Mastercard, has notched up an impressive two million users within five months of launch, according to Airtel CEO Shashi Arora. The company is also working on a mobile wallet app that will allow customers to make payments with their smartphones or tablets.