In a bid towards designing a cashless Bharat: Idea to ....
DSIJ Intelligence / 30 Dec 2016
The largest beneficiaries of demonetisation in these days are payment banks. In the upcoming days payment banks will be the next big thing as the economy is moving towards going cashless.
The largest beneficiaries of demonetisation in these days are payment banks. In the upcoming days payment banks will be the next big thing as the economy is moving towards going cashless.
Aditya Birla promoted, Idea, is all set to make an entry into the payment bank business as early as in the first half of 2017. Aditya Birla Idea Payments Bank will be a 51:49 joint venture between Aditya Birla Nuvo Ltd.,(ABNL) and telecom major, Idea Cellular, respectively.
In November 2016, Airtel had rolled out its banking services in Rajasthan and was the first bank to start payment bank services in India. The pilot rollout in Rajasthan saw over one lakh customers opening savings accounts in less than two weeks of commencement of services. Payment banks can accept deposits upto Rs 1 lakh .
Meanwhile, Idea Cellular as at 2.53 pm is trading at Rs 73.25, up by 0.62 per cent. Fifty-two-week high/low of the stock stands at Rs 144.75/66.
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