Airtel PB records 49% dip in wallet numbers despite Paytm PB’s downturn

Airtel Payments Bank, the payments bank arm of telecom major Bharti Airtel, has trimmed about 49 per cent of its prepaid payment instrument (PPI) wallets between January and May this year following the deactivation of dormant zero-balance wallets, data from the Reserve Bank of India (RBI) shows.

The Gurugram-based company had about 72.5 million PPI wallets in January, which is now down to 36.7 million outstanding wallets as of May 2024.