Its customers can now make convenient digital payments over their mobile phones at all Spencer’s outlets across
India and enjoy exciting offers;
Yet another addition to Airtel payments bank’s nationwide ecosystem of over Two million merchants
Kolkata, March 6, 2017: Airtel Payments Bank - India’s first payments bank, today announced that
its customers can now make convenient digital payments at all Spencer’s retail outlets across 35 cities/towns across
India. This is yet another addition to Airtel Payments Bank’s national digital payments ecosystem, which already has
over one million merchants.
Airtel Payments Bank customers will enjoy 10% cashback on
all digital payments for shopping at Spencer’s outlets adding great value to convenience of cashless transactions.
The offer is available for the next 30 days.
Vir Inder Nath, CEO – West Bengal & Odisha, Bharti Airtel Limited said, “We are delighted to
partner Spencer’s Retail as part of our endeavour to build a robust and diverse merchant ecosystem that offers great
convenience and value to customers. We hope this partnership will accelerate the adoption of digital payments for
Airtel Payments Bank customers”
Vipin Bhandari, Deputy CEO, Spencer’s Retail Limited said, “Catering to the needs and comforts of
our customers has been the key factor that has governed all our decisions, over the years. We, at Spencer’s Retail,
are delighted to enter a strategic tie-up with Airtel Payments Bank, and are confident that this association will
deliver great value to customers and allow us to extend a more convenient purchase experience to our shoppers.”
Airtel Payments Bank is focusing on developing a nationwide merchant ecosystem of over five million partners
including small kirana stores, grocers, pharmacies, restaurants, etc. These merchant partners will accept digital
payments from Airtel Payments Bank customers over mobile phones. Airtel Payments Bank has launched a Merchant App
for digital onboarding of partners. Interested merchant partner can download this app from Google Playstore for free
and start accepting digital payments instantaneously.
For opening savings bank account with Airtel Payments Bank, customers require no documents and only their Aadhaar
number is required for e-KYC. The customer’s mobile number will be his/her bank account number and an interest rate
of 7.25 % p.a. is being offered on deposits in savings accounts. The payments bank is also offering one minute of
Airtel mobile talktime for every Rupee deposited at the time of opening a savings account. Free Personal Accidental
Insurance of Rs. 1 Lac is also given with every Savings Account.