Friday, 24 March, 2023

Revenue from Airtel Payments Bank expected to reach Rs 7,650CR by 2030

<p>By 2030, Airtel Payments Bank is expected to produce roughly Rs 7,650 crore in annual income, thanks to a 10-fold increase in gross transaction value (GTV) and a sharp increase in the monthly transacting user base. APB, which became profitable in the September quarter of FY22, now generates an annualised income of Rs 1,000CR. Bharti has discovered a profitable niche in Indian fintech, and expect Airtel Payments Bank to generate $1B in revenue by 2030.</p>