Hike introduced a partnership with Airtel Funds Financial institution to energy its Pockets. By means of this partnership, Airtel Funds Financial institution will get entry to over 100M customers on Hike and can start powering the Hike Pockets product. Hike customers may have entry to Airtel Funds Financial institution’s huge product line together with service provider and utility funds, KYC infrastructure of the latest KYC pointers introduced by RBI.
Pathik Shah, VP, Product at Hike Messenger stated, “We’ve seen large traction on the Pockets over the previous couple of months, most of it being natural. We’re on monitor for 5M+ transactions this month with solely a easy set of providers comparable to Recharge & P2P. As we scale up the variety of providers on our platform within the coming months, we anticipate this to develop even quicker. In gentle of the brand new KYC pointers, we’re additionally excited to introduced a brand new partnership with Airtel Funds Financial institution. This can be a nice transfer for our customers and it’ll make sure that they’ve an uninterrupted service when the brand new pointers kick in. We’re excited and we sit up for working with Airtel on supporting this effort to deliver extra Indians on-line and allow straightforward transactional providers for them.”
A Ganesh, Chief Working Officer, Airtel Funds Financial institution stated, “We’re delighted to accomplice with Hike to construct a world-class digital funds ecosystem by leveraging our huge attain and digital banking infrastructure. The addition of Hike Wallets to our portfolio will place us as one of many largest digital funds platforms in India.”
