According to a company official, “It Airtel Payments Bank is a profitable company, it’s doing well and growing rapidly. Further, that’s an option as per the RBI (Reserve Bank of India) license that at some stage we are expected to list,”.
Airtel Payments Bank; the fintech subsidiary of telecom giant Bharti Airtel is planning an IPO in the coming future. The bank is expected to produce annual revenues exceeding $1 Bn by 2030 considering the steep increment in its monthly transacting user base and strong revenue generation opportunities for the payments bank in the B2B space.
According to a company official, “It (Airtel Payments Bank) is a profitable company, it’s doing well and growing rapidly. Further, that’s an option as per the RBI (Reserve Bank of India) license that at some stage we are expected to list,”. Official also added that, “the fintech unit was growing in healthy double digits, the top official further added that the company’s data center business could also be monetized at a later stage.
Another crucial finding in the report was that Business outreach reported that the telecom giant was not planning to charge any premium fee for its 5G services. Sources added that the telecom giant was not in need of the 700 MHz band neither in the future nor for its next-generation services.
