Airtel Payments Bank

Razorpay launches UPI infrastructure in collaboration with Airtel Payments Bank; check details here

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Razorpay launches UPI infrastructure in collaboration with Airtel Payments Bank; check details here

Fintech unicorn Razorpay said today that it is launching its own UPI infrastructure. Named UPI Switch, this product, which is developed in association with Airtel Payments Bank, will be cloud-based and is designed to enhance success rates by 4-5% and can manage up to 10,000 transactions per second (TPS).  As per the company, the UPI … Read more

Kotak Bank to sell 20 cr shares of Airtel Payments Bank to Bharti Enterprises for Rs 294 cr

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Kotak Bank to sell 20 cr shares of Airtel Payments Bank to Bharti Enterprises for Rs 294 cr

NEW DELHI: Kotak Mahindra Bank on Tuesday said it will sell 20 crore shares held in Airtel Payments Bank (APBL) for a cash consideration of Rs 294 crore or more to Bharti Enterprises Ltd. A share purchase agreement has been executed by the bank for divestment of 20,00,00,000 equity shares (8.57 per cent stake) held … Read more