Airtel Payments Bank increases day-end balance limit to Rs 2 lakh
The bank has increased the day-end balance limit to Rs 2 lakh from Rs 1 lakh.
Airtel Payments Bank on Wednesday launched ‘Airtel Safe Pay’, a mode of safe digital transactions to protect its customers from online payment frauds.
In a statement Airtel Payments Bank said, “with ‘Airtel Safe Pay’, Airtel customers making UPI or net banking-based payments through Airtel Payments Bank, no longer have to worry about money leaving their accounts without their explicit consent.”
Airtel Safe Pay leverages Airtel’s telecom exclusive strength of network intelligence to provide an additional layer of payment validation compared to the industry norm of two-factor authentication, it added.
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“This offers the highest level of protection from potential frauds such as phishing, stolen credentials or passwords, and even phone cloning that catches customers unaware,” it said.
Anubrata Biswas, MD & CEO, Airtel Payments Bank said, “We are happy to leverage Airtel’s core telco strengths to bring to market this unique capability that ensures that our customers have full control over their transactions. This sets a new benchmark in the Indian digital payments space by making security paramount.”
Adarsh Nair, Chief Product Officer, Bharti Airtel said that Airtel Safe Pay is “yet another innovation where our secure network and world-class digital platforms combine to solve a unique market problem.”
The new solution for safer transactions is free of charge and can be activated through Airtel Thanks app home screen or from the banking section.
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