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Time of India
23-05-2025
- Business
- Time of India
Airtel Payments Bank says Q4 profit soars 138% to ₹26 crore
Airtel Payments Bank on Thursday said its profit rose by 138% year on year to ₹26 crore, buoyed by scale-up in the adoption and usage of ' Safe Second Account ' offering, and diversified growth across urban transit, and rural business solutions. For the fourth quarter ended March 2025, the revenues were at Rs 726 crore, a 34.7% increase over the same period of the previous year. "In Q4 FY25, the bank experienced a significant scale-up in the adoption and usage of our Safe Second Account offering, solidifying our position as the preferred digital-only bank in the country," according to Airtel Payments Bank. The bank said it recorded "diversified growth across its urban transit, B2B, and rural business offerings, contributing to robust sequential growth and a strong year-on-year performance". For the full year, revenue stood at Rs 2,709 crore, a growth of 47.5% over the previous year. The net profit rose to Rs 63 crore, up by 81.4%, while EBITDA increased by 64% YoY to Rs 299 crore. "Customer balances reached Rs 3,659 crore, up by 30.6% and the Gross Merchandise Value (GMV) stood at Rs 3,808 billion," Airtel Payments Bank said in a release adding it is, at present, the third-largest mobile bank in the country by user base. Anubrata Biswas, MD and CEO of Airtel Payments Bank, said, "The rapid adoption of our Safe Second Account offering reflects the growing need for a secure alternate bank account for digital payments. Today we are processing one in two domestic remittances and one in every five Aadhaar-enabled payments in the country". He added: "As we continue to scale, our commitment remains on empowering every Indian with simple and seamless banking solutions to bridge the digital divide.". In tier-3 and beyond locations, the bank has 5,00,000 active banking points, majority of which are operated by women banking correspondents. It also sees strong demand for its RuPay NCMC On-The-Go cards, with over 2.5 million users. In the B2B space, it is seeing strong growth in omnichannel digital payments with top aggregators and enables seamless transit payments across five major metro networks, including the DMRC. Airtel Payments Bank said it processes nearly 12 billion transactions annually and extends services to three in four villages, digitising over Rs 8,000 crore of cash monthly with 6,200 plus corporate partners.
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Business Standard
22-05-2025
- Business
- Business Standard
Airtel Payments Bank Q4 net profit jumps 138% to ₹26 crore, revenue up 35%
Airtel Payments Bank reported a 138 per cent year-on-year increase in net profit to ₹26 crore for the quarter ended March 2025, driven by strong adoption of its 'Safe Second Account' and robust growth across urban transit, rural banking, and B2B segments. Revenue for Q4FY25 stood at ₹726 crore, up 34.7 per cent from the corresponding quarter last year. In a statement, the bank highlighted that the quarter saw a major boost in uptake of the Safe Second Account offering, with growth distributed across key segments including urban transit systems. For the full financial year, revenue reached ₹2,709 crore, a 47.5 per cent increase year-on-year. Net profit for FY25 stood at ₹63 crore, up 81.4 per cent, while EBITDA rose 64 per cent to ₹299 crore. Also Read Customer account balances grew 30.6 per cent to ₹3,659 crore, while Gross Merchandise Value (GMV) processed through the platform stood at ₹3,808 billion. The bank said it is now the third-largest mobile banking provider in India by user base. 'The rapid adoption of our Safe Second Account offering reflects the growing need for a secure alternate bank account for digital payments. Today we are processing one in two domestic remittances and one in every five Aadhaar-enabled payments in the country,' said Anubrata Biswas, Managing Director and CEO of Airtel Payments Bank. The bank continues to expand its rural presence, operating 500,000 active banking points, the majority of which are run by women banking correspondents in Tier-3 towns and rural areas. Additionally, the bank reported rising traction for its RuPay NCMC On-The-Go card, now used by over 2.5 million customers. Its digital B2B payments vertical also saw strong growth, with partnerships across five major metro networks, including Delhi Metro Rail Corporation (DMRC). Airtel Payments Bank now processes nearly 12 billion transactions annually, serving three out of every four Indian villages and digitising over ₹8,000 crore in cash each month through a network of over 6,200 corporate partners.
Economic Times
22-05-2025
- Business
- Economic Times
Airtel Payments Bank says Q4 profit soars 138% to Rs 26 crore
Airtel Payments Bank on Thursday said its profit rose by 138 per cent year on year to Rs 26 crore, buoyed by scale-up in the adoption and usage of 'Safe Second Account' offering, and diversified growth across urban transit, and rural business solutions. For the fourth quarter ended March 2025, the revenues were at Rs 726 crore, a 34.7 per cent increase over the same period of the previous year. ADVERTISEMENT "In Q4 FY25, the bank experienced a significant scale-up in the adoption and usage of our Safe Second Account offering, solidifying our position as the preferred digital-only bank in the country," according to Airtel Payments Bank. The bank said it recorded "diversified growth across its urban transit, B2B, and rural business offerings, contributing to robust sequential growth and a strong year-on-year performance". For the full year, revenue stood at Rs 2,709 crore, a growth of 47.5 per cent over the previous year. The net profit rose to Rs 63 crore, up by 81.4 per cent, while EBITDA increased by 64 per cent YoY to Rs 299 crore. "Customer balances reached Rs 3,659 crore, up by 30.6 per cent and the Gross Merchandise Value (GMV) stood at Rs 3,808 billion," Airtel Payments Bank said in a release adding it is, at present, the third-largest mobile bank in the country by user base. Anubrata Biswas, MD and CEO of Airtel Payments Bank, said, "The rapid adoption of our Safe Second Account offering reflects the growing need for a secure alternate bank account for digital payments. Today we are processing one in two domestic remittances and one in every five Aadhaar-enabled payments in the country". ADVERTISEMENT He added: "As we continue to scale, our commitment remains on empowering every Indian with simple and seamless banking solutions to bridge the digital divide.". In tier-3 and beyond locations, the bank has 5,00,000 active banking points, majority of which are operated by women banking correspondents. ADVERTISEMENT It also sees strong demand for its RuPay NCMC On-The-Go cards, with over 2.5 million users. In the B2B space, it is seeing strong growth in omnichannel digital payments with top aggregators and enables seamless transit payments across five major metro networks, including the DMRC. Airtel Payments Bank said it processes nearly 12 billion transactions annually and extends services to three in four villages, digitising over Rs 8,000 crore of cash monthly with 6,200 plus corporate partners. (You can now subscribe to our ETMarkets WhatsApp channel)
