Telecoms giant Bharti Airtel has launched the first of India’s new wave of ‘payments banks’, going live with a pilot across the state of Rajasthan.
In a bid to take advantage of the mobile revolution to increase financial inclusion, last year India’s government granted Airtel, along with others such as Paytm and the Department of Posts, so-called ‘payments bank’ licences. Read more: www.finextra.com
