Bharti Airtel and Bajaj Finance have announced a strategic partnership to create one of India’s largest digital platforms for financial services.
This collaboration combines Airtel’s vast customer base of 375 million and distribution network with Bajaj Finance’s diverse financial products and extensive branch network.
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Initially, Airtel will offer Bajaj Finance’s retail financial products through its Airtel Thanks app, expanding later to its nationwide store network. This partnership aims to enhance the reach and accessibility of financial services across the country.
Gopal Vittal, Vice Chairman and MD, Bharti Airtel, said, “Airtel and Bajaj Finance, two trusted names in this country, have the shared vision of empowering millions of Indians with a diverse portfolio of financial needs. The combined reach, scale and distribution strength of the two companies will serve as the cornerstone of this partnership and help us succeed in the marketplace. We are building Airtel Finance as a strategic asset for the group and will continue to invest in and grow the business. Today, we are trusted by over 1 million customers and our vision is to make Airtel Finance a one-stop shop for all the financial needs of our customers.”
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Both businesses are dedicated to providing seamless customer service, robust regulatory compliance, and data privacy and security as part of the cooperation.
Rajeev Jain, Managing Director, Bajaj Finance, said, “India’s digital ecosystem has been at the heart of data-driven credit underwriting and financial inclusion. Our partnership with Airtel not only leverages India’s digital infrastructure for inclusive growth but also brings together the expertise and reach of two of India’s leading and most-trusted brands. Together with Airtel, we seek to be the financier of choice to India and enable millions to access financial services, even in remote areas. We are excited to join hands with Airtel at a time when Bajaj Finance is harnessing the power of AI to enhance efficiencies and elevate customer experiences.”
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About Bharti Airtel Limited
Headquartered in India, Airtel is a global communications solutions provider with over 550 million customers in 15 countries across India and Africa.
About Bajaj Finance
Bajaj Finance Ltd. (‘BFL’, ‘Bajaj Finance’, or ‘the Company’), a subsidiary of Bajaj Finserv Ltd., is a deposit-taking Non-Banking Financial Company (NBFC-D) registered with the Reserve Bank of India (RBI) and is classified as an NBFC-Investment and Credit Company (NBFC-ICC).
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