Mastercard will provide payment processing solutions to Airtel Payments Bank.

Both have also teamed up to launch an online debit card to enable Airtel Payments Bank customers make digital payments at over one lakh online merchant outlets.

Talking about the partnership, Shashi Arora, MD & CEO, Airtel Payments Bank, said: “Mastercard’s globally proven expertise and technology solutions will enable us to provide innovative, secure and convenient online digital payment solutions to our customers. We believe this partnership will contribute to our vision of serving customers with a differentiated banking model that provides them a simple and convenient form of merchant payments.”

Porush Singh, Country Corporate Officer, India and Division President, South Asia, Mastercard, said, “We are delighted to partner with Airtel Payments Bank as their payments processor. This collaboration will enable Airtel Payments Bank to offer a safer, innovative and faster payments experience to its customers.”