Airtel Payments Bank, India’s first payments bank, on Tuesday announced a strategic partnership with Hindustan Petroleum Corporation Limited (HPCL) under which 14,000 HPCL fuel stations will act as banking points for Airtel Payments Bank.
Users will be able to carry out basic banking operations like opening new accounts, making cash deposits and withdrawing and transferring money. “All 14,000 HPCL fuel stations will act as banking points for Airtel Payments Bank. All Airtel Payments Bank customers would be able to access a range of convenient banking services at these 14,000 fuel stations e.g., open new accounts, make cash deposits and withdrawals facility, and transfer money,” Airtel Payments Bank said in a statement. This will help expand the reach of Airtel Payments Bank’s retail-based network that leverages over 3 lakh Airtel retail outlets as banking points, it added.
