PREPAID CUSTOMERS
Indians get a new borderless prepaid multi-currency travel card
Thomas Cook India has launched the Borderless Prepaid Multi-Currency Travel Card to cater to the increasing overseas travel spending by Indians. The card supports 12 global currencies and offers exclusive benefits like complimentary SIM cards, lounge access, and free ATM withdrawals, while also being eco-friendly, made from recycled plastic.
Planning to travel during the festive season? IndiGo offers Holi special fares starting from Rs 1,199
IndiGo has launched its 'Holi Getaway Sale,' featuring significant discounts on airfares and various add-ons for bookings made between March 10 and March 12, for travel from March 17 to September 21, 2025. Domestic fares start at Rs 1,199, while international fares start at Rs 4,199, with additional discounts on baggage, seat selection, meals, and more.
Bank holiday tomorrow for Mahashivratri 2025: Are banks open or closed in your state on February 26, 2025 ?
Bank Holiday on Mahashivratri 2025: Banks in several states will remain closed on February 26, 2025, due to Mahashivratri, as per the Reserve Bank of India's holiday calendar. Customers should check local holidays and can use digital banking services for financial and non-financial transactions during bank holidays.
Telecom revenue growth may see a boost in Q4. What’s in for Jio, Airtel, Vi?
Telecom sector revenue is predicted to grow by 16-17% year-on-year in Q4FY25. This growth is expected to benefit private carriers like Reliance Jio and Bharti Airtel due to residual rate hikes and strong user gains, while Vodafone Idea may experience fewer customer losses.
Cash counters ringing at telcos; revenue set to surge 17% in q4
Telecom sector revenue is expected to grow 16-17% year-on-year in Q4 FY25, reaching ₹2,68,800 cr, the highest since Reliance Jio's launch. This growth is driven by the aftermath of rate hikes, strong customer additions, and substantial 2G to 4G/5G conversions.
Walmart-owned PhonePe begins preparations for India IPO
Fintech company PhonePe on Thursday announced that it has begun preparatory steps for the launch of its initial public offering (IPO) as it plans to list the company on Indian stock exchanges.
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Fino doubles down on credit disbursals to strengthen its SFB pitch
Fino Payments Bank expands its credit disbursement business via lending partnerships, scaling loans rapidly. It aims for an SFB license, digital-first banking, and rural credit growth while targeting Paytm Payments Bank’s vacated small-value payments market.
More than half of Valentine’s Day sale period orders were made on prepaid, surpassing COD: GoKwik report
During the recent Valentine's Day and Republic Day sales, prepaid orders surpassed cash on delivery (COD) for the first time in four years. The prepaid adoption trend, driven by UPI payments and credit-based options, indicates a significant shift in shopping behavior, particularly in Tier 3 cities, making D2C shopping more affordable and attractive.
Celebrating Valentine's Day: Airlines come up with rate discount, special menu
IndiGo offers up to 50% discount on base fares, along with additional discounts on ancillary services as part of their Valentine's offer until February 16. Akasa Air celebrates with a Valentine's Day special menu featuring heart-shaped pizza pockets and Chocolate Strawberry Truffle Pastry. Both airlines aim to enhance the customer experience during this special occasion.
Govt will 'find a solution' to support Vodafone Idea, CEO Akshaya Moondra expresses confidence
Vodafone Idea’s CEO is confident the government will find a solution to assist the company, as regulatory payments surge from FY26. The telco is focused on expanding 4G and rolling out 5G, needing clarity on AGR dues for crucial debt funding, while positive signs emerge from recent subscriber net additions.
Now get pre-approved credit lines on UPI from Small Finance banks, as RBI expands this service
The Reserve Bank of India has allowed the use of pre-sanctioned credit lines through UPI, extending this feature to Small Finance Banks. This development aims to offer instant short-term credit without a separate loan application, ensuring transparency with explicit consent required from customers.
Love takes flight: IndiGo launches Valentine’s Day sale with up to 50% discount
Valentine’s Day: IndiGo announces a special Valentine’s Day sale with up to 50% discounts on base fares for couples, available from February 12 to February 16, 2025. The airline is also offering additional discounts on travel add-ons, pre-booked meals, and bundled services, making travel more affordable.
Airtel aims to leverage likely doubling of India’s home broadband market: Analysts
Bharti Airtel aims to double its fixed broadband user base to around 90 million and increase revenue through its 5G-based FWA services. The company plans to deliver these services using its 5G network and has already implemented them in over 2,000 cities.
Is GST payable on gift card, voucher purchase? Govt clarifies
In the electronic commerce space, vouchers have become a widely used tool to enhance customer engagement, drive sales, and optimize loyalty programs. However, the taxability of vouchers under the Goods and Services Tax (GST) regime has been a contentious issue, leading to confusion among stakeholders.
Saturday bank holiday today: Are banks open or closed today on February 8, 2025?
Banks will observe several regional holidays in February. Customers can use digital banking services for various financial and non-financial transactions. Check the state-wise holiday calendar for detailed information on specific dates and occasions.
Airtel capex to fall sharply as 5G rollout comes to an end
Bharti Airtel's capital expenditure is set to decrease significantly in FY25 and FY26 following the completion of its 5G rollout. The company aims to boost data monetization through its 2GB plans and transition a substantial number of prepaid users to post-paid services for increased ARPU growth.
Airtel to cut capex in FY25, focuses on 2GB 5G plans and ARPU growth
Bharti Airtel's capex will decrease significantly in FY25 and FY26 after finishing the nationwide 5G rollout. The company will focus on upgrading its transport network infrastructure. The strong uptake of Airtel's 2GB plans is driving data monetisation. Airtel shares rose after reporting a nearly six-fold increase in net profit in Q3FY25.
Bharti Airtel stocks jump nearly 4% in early trade after strong Q3FY
Bharti Airtel shares surged 3.6% after reporting a nearly six-fold jump in Q3FY25 net profit to Rs 14,760.7 crore, driven by Indus Towers consolidation and tariff hikes. Revenue grew 13% YoY to Rs 46,878 crore, while ARPU improved to Rs 245. Airtel added 4.95 million subscribers, boosting its 4G/5G base.
Bharti Airtel Q3 net profit zooms 6-fold on Indus Tower consolidation, rate hikes
Bharti Airtel’s consolidated net profit for the fiscal third quarter has more than doubled on-year, on account of one-time gain incurred by consolidation of majority stake in Indus Towers.
Bharti Airtel Q3 Results: Adjusted consolidated PAT soars 121% YoY to Rs 5,514 crore, ARPU at Rs 245
Bharti Airtel Q3 Results: Telecom major Bharti Airtel reported significant growth in net profit, reaching Rs 14,781 crore in Q3, with an adjusted PAT growth of 121% YoY at Rs 5,514 crore. Revenue grew 19% YoY to Rs 45,129 crore, and EBITDA rose 24% YoY to Rs 24,480 crore.
These Kotak Mahindra Bank debit card services will be unavailable on these days; Check details
Kotak Mahindra Bank debit card services: Kotak Mahindra Bank has announced a scheduled maintenance activity to enhance its banking systems. As a result, certain services related to Kotak VISA Debit Card and Spendz Card will be temporarily unavailable. The bank informed its customers via an email.
Mobile wallets make a big comeback as numbers return
Mobile wallets are regaining traction in India. Global fintechs like Revolut and Tide are seeking licenses, while domestic players are entering the market. Transaction volumes are recovering after Paytm Payments Bank's shutdown. New use cases, interoperability with UPI, and a focus on security are driving growth.
Airtel, Jio unveil revised mobile plans – See updated prices here
Telecom giants Jio and Airtel have revised their voice and SMS-only recharge plans to make them more affordable, following customer feedback and the TRAI’s review. Jio introduced new plans with reduced pricing and shorter validity, while Airtel made similar price cuts. Both companies aim to meet the growing demand for cost-effective mobile services, especially for those who do not require data.
Jio launches free 'sound pay' feature for its Bharat device
Jio introduces JioSoundPay, a free feature for their JioBharat device, offering instant audio confirmations for UPI payments to 5 crore small merchants. This enhances business operations for small vendors and saves them Rs 1,500 annually. To mark 75 years of India's Republic, Jio also offers contemporary renditions of Vande Mataram through JioSoundPay.
Telcos introduce new voice and SMS only prepaid plans
Telecom operators Reliance Jio and Bharti Airtel have launched new voice and SMS only prepaid plans in India. This follows TRAI's directive for separate voice call and SMS plans. Airtel offers Rs 499 and Rs 1,959 plans, while Jio introduces Rs 458 and Rs 1,958 plans, all providing unlimited calls and varying SMS limits with 84 and 365 days validity.
Airtel introduces prepaid voice and SMS-only plans
Bharti Airtel has restructured its prepaid plans following TRAI directives, focusing on Voice and SMS services. The Rs 509 plan now offers unlimited calls, 900 SMS for 84 days, and the Rs 1,999 plan provides unlimited calls, 3,600 SMS for a year. Data inclusion has been removed, addressing the needs of users with 2G phones or dual SIM setups.
What’s in NPCI’s wallet? A plan to unclog banking channels
The National Payments Corporation of India (NPCI) and the mobile wallet industry are considering reducing the interchange fee for Unified Payments Interface-based (UPI) transactions conducted via mobile wallets. The move comes as the payments body seeks to attract more non-bank players into the UPI ecosystem.
Amazon to acquire fintech lending startup Axio in a $200 million all-cash deal
Axio announced in a blog post that it had signed an agreement with Amazon for a proposed acquisition in December, following the successful completion of due diligence. This development comes after Amazon SMBhav Venture Fund led a $20 million equity funding round in Axio in August last year. The acquisition is in line with Amazon's broader strategy to enhance its financial services portfolio in India.
Latest SBI MCLR from January 15, 2025: Check current SBI home loan, personal loan, car loan rates
SBI lending rates: State Bank of India (SBI) has announced the latest marginal cost of funds-based lending rates (MCLR) on loans for the period between January 15 and February 15, 2025. The latest MCLR is effective from January 15, 2024
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