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Airtel Payments Bank, HPCL join hands to boost digital payments

Airtel Payments Bank, HPCL join  hands to boost digital payments

Excelsior Correspondent
JAMMU, Oct 4: Airtel Payments Bank – India’s first payments bank, customers will soon be able to make secure and convenient digital payments for fuel purchase at 73 HPCL fuel stations across Jammu region. The announcement was made during the inauguration of 3 HPCL fuel stations as banking points at Amphalla, Shakuntala (near Bus Stand) and Channi Hemmat (near Bihari Market) HPCL fuel stations in Jammu.
These cashless payments can be made via smartphones (MyAirtel App) as well as feature phones (USSD) and no transaction fee is charged for these digital payments from customers.
All Airtel Payments Bank customers would also be able to access a range of convenient banking services at these fuel stations e.g., open new accounts, make cash deposits and withdrawals facility, and transfer money. This will add to the depth and reach of Airtel Payments Bank’s retail based network that leverages over 3000 Airtel retail outlets as banking points in Jammu region.
Shashi Arora, MD & CEO, Airtel Payments Bank said, “The partnership with HPCL would boost our endeavor to build a robust and diverse merchant ecosystem that brings more digital payments avenues to our customers. We are, in particular, pleased to have these fuel outlets as our banking points. We are confident that this partnership will add to the growth of digital payments in the Jammu region and contribute to the Government’s Digital India vision.”
Airtel payments Bank’s bouquet of innovative and convenient services include: Digital Banking: Quick and paperless account opening using Aadhaar based e-KYC. This requires no documents at all, only the customer’s Aadhaar number is needed; The customer’s mobile number will be his/her bank account number; Interest rate of 7.25 % p.a. on deposits in savings accounts, the highest in India; Money transfer to any bank account in India (Free money transfer from Airtel-to-Airtel numbers within Airtel Payments Bank); Free Personal Accidental Insurance of Rs. 1 Lakh with every Savings Account; Easy deposit and withdrawal facility across a wide network of Airtel retail outlets; USSD and IVR in 12 languages for non-smartphone customers; An online debit card in partnership with MasterCard; and A nationwide digital payments ecosystem with over three million merchants.


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