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Bharti Airtel seeks to convert Airtel Money into payments bank; Kotak Mahindra to buy 19.9% stake

Thursday, January 29, 2015 | More »

Airtel M Commerce Services Limited (AMSL), a wholly owned subsidiary of telecom major Bharti Airtel, which runs mobile money services under the brand name Airtel Money, is planning to apply for getting a ‘payments’ bank licence, it said on Thursday. This is a new category of small banks ...