According to reports, Airtel Payments Bank reached the one billion transaction volume milestone on its platform in the September quarter of 2021-22. This marks a 61 per cent increase in transaction volume year over year each quarter, highlighting the bank's digital-first concept and distribution of over 5,00,000 banking points, which allows it to expand very quickly. According to the source, Airtel Payments Bank's transaction volume has increased steadily since the epidemic, as consumer demand for digital payments has increased. The firm just passed the one billion transactions per quarter milestone. Uptake of its broad digital product offerings - UPI-based payments, FASTag, bill and utility payments, mobile and DTH recharges, as well as its set of retail solutions - has fueled the company's expansion, according to the source.
