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Airtel Payments Bank is an Indian payments bank with its headquarters in New Delhi. [3] The company is a subsidiary of Bharti Airtel . [ 4 ] On 5 January 2022, it was granted the scheduled bank status by the Reserve Bank of India under the second schedule of RBI Act, 1934 .
Paytm Payments Bank and Airtel Payments Bank together command over 88% of the deposits in payment banks in India in 2018. According to the Reserve Bank of India 's report on ‘Trend and progress of Banking in India 2017-2018', the payment banks reported losses in the financial year 2017-2018, after a weak performance in the FY 2016-17.
Bharti Telecom (BTL), is a holding company of Bharti Airtel with Bharti Enterprises and SingTel owning 50.56 percent and 49.44 percent, respectively, in BTL, which in turn owns 35.80 percent of Bharti Airtel. [7] Bharti Airtel is the third largest mobile operator in the world, in subscriber base, and has a presence across 18 countries. [8]
In December 2014, Airtel changed its service terms for 2G and 3G data packs so that VoIP data was excluded from the set amount of free data. A standard data charge of 4 paise (0.046¢ US) per 10 KB for 3G service and 10 paise (0.12¢ US) per 10 KB (more than ₹ 10,000 (US$120) for 1 GB) for 2G service was levied on VoIP data. [ 110 ]
Airtel launched 4G services on mobile from February 2014. The first city to get the service was Bangalore. [24] [25] Airtel has started their 4G services in Karnal and Yamunanagar in Haryana on 16 June 2015. [26] Airtel 4G trials has been started in Delhi from 18 June 2015. [27] Airtel had 95,173,000 4G subscribers as of June 2019. [28]
Airtel Chad is the #1 operator with 43% market share. [26] Democratic Republic of the Congo Airtel DRC Airtel had 1 million customers in 2014. [27] Gabon Airtel Gabon Airtel Gabon has 829,000 customers and its market share stood at 61%. [28] Kenya Airtel Kenya: Airtel Kenya is the second largest operator and has about 9 million customers. [29]
Airtel Nigeria is the second-largest telecommunications company in Nigeria by number of customers, behind MTN Nigeria. It has an estimated 46.8 million subscribers representing 26.8% market share and in terms of mobile internet users, Airtel Nigeria has the second-largest users with 32.4 million subscribers in July 2019.
Post-merger, Bharti Airtel held a 36.73% stake in Indus Towers, with Vodafone Group Plc holding 28.12%, [7] and 3.1% shares held by Providence Equity. [ 4 ] Currently Indus Towers is a subsidiary of Bharati Airtel after the latter increased it's stake to 50.005% & Vodafone Group Plc exited the company