Tag: Mr. Ganesh Ananthanarayanan

Business World

Airtel Payments Bank offers Car Insurance in association with Bharti AXA General Insurance

Nov 10, 2020 by Gouri Achary 0 Comments #Airtel Payments Bank, #Airtel Thanks app, #Bharti AXA General Insurance, #Mr. Ganesh Ananthanarayanan, #Mr. Sanjeev Srinivasan, #Smart Drive Private Car Insurance

Airtel Payments Bank today announced that it will offer comprehensive car insurance in association with Bharti AXA General Insurance.

The Smart Drive Private Car Insurance offers financial protection against damage to the vehicle due to accident, theft, and natural & man-made disasters. It also compensates for injury or damages to another person or property caused due to a car accident.

The insurance comes with a personal accident cover for the policyholder. In the event of an accident leading to permanent disablement or loss of life, this ensures financial protection for the family.

Airtel Payments Bank’s customers can easily purchase this policy within five minutes using a paperless, secure, and quick process through the Airtel Thanks app. With no pre-inspection required, a customer only needs to fill in the details about the vehicle, and the insurance is immediately issued on their registered email id and mobile number.

At the time of the renewal, customers can choose from a wide range of add on covers. This includes depreciation cover, small consumable items, loss or replacement of car key, roadside assistance in the event of car breakdown, damage of engine or gearbox, medical expenses if the policyholder is injured, ambulance expense to reach the hospital, and many more.

Mr. Ganesh Ananthanarayanan, Chief Operating Officer, Airtel Payments Bank, said, “We endeavour to offer a bouquet of well-designed products to serve varied insurance requirements of our customers. Motor insurance being mandatory in the country constitutes an important requirement for millions of car users. We are delighted to partner with Bharti AXA General Insurance to offer this comprehensive car insurance.”

Mr. Sanjeev Srinivasan, Chief Executive Officer & Managing Director, Bharti AXA General Insurance, said, “We always look for creating eco-systems that help us improve the reach of our insurance solutions. As part of our partnership with Airtel Payments Bank and strong synergies of customer-centricity, we are offering innovative motor insurance products to its customers through a seamless journey from the purchase to the claim process. The strategic alliance will also help us reach out to the growing customer base of the bank and secure them.”

Business World

Airtel Payments Bank simplifies payments experience for merchant partners

Oct 6, 2020 by Gouri Achary 0 Comments #Airtel Payments Bank, #e-POS (Point of Sale), #Mr. Ganesh Ananthanarayanan, #On-demand Settlement’, #Zero commission charges

New Delhi, October 6, 2020: Airtel Payments Bank has upgraded its app to further empower its merchant partners with a range of digital benefits that make the payments journey more simplified.

For merchants, the Airtel Payments Bank app now comes with two new features “Smart ePOS” and “On-Demand Settlement”.

Smart e-POS (Point of Sale) enables merchants to use their smartphones as a POS machine to accept digital payments and not worry about handling cash. Merchants simply need to select the Smart ePOS option in the app, and a QR code will appear on the mobile screen for the payments to be made. The amount will get credited immediately to the merchant bank account linked to the app. This eliminates the need to have a physical QR code or the need to carry an additional device to receive payments for home deliveries. Also, merchants can accept payments with ‘Zero commission charges.’

The all-new ‘On-demand Settlement’ feature enables merchants to transfer their payments into their bank accounts at any time as per their convenience. The money is instantly credited to the merchant’s registered bank account.

There are host of other additions as well. Merchants can easily monitor their daily earnings, check transaction statements, payment settlement history, and even buy shop insurance for themselves. Merchants can also refer to the help & support section in the case of a problem.

Airtel Payments Bank has close to 1.5 million merchants, across multiple categories and formats. The Bank aims to expand its Merchant base and plans to add over one million new merchants to its network in the coming months.

Mr. Ganesh Ananthanarayanan, Chief Operating Officer, Airtel Payments Bank, said, “Merchant partners play a crucial role in driving digital payments on the ground and empowering them with easy to use payment solutions is of utmost importance to us. The new solutions allow merchants to receive and settle payments through a seamless and secure digital process. This is one more step towards our aim of building a cashless economy.”