Bharti Airtel, one of India’s largest telecom services
providers and Bajaj Finance, the country’s largest private-sector Non-Banking Financial
Company (NBFC), today announced a strategic partnership to create one of India’s largest
digital platforms for financial services and transform last mile delivery.
The one-of-a-kind partnership brings together Airtel’s highly engaged customer base of 370
million, 12 lakh+ strong distribution network, and Bajaj Finance’s diversified suite of 27 product
lines, and distribution heft of 5,000+ branches and 70,000 field agents.
Airtel will initially offer Bajaj Finance’s retail financial products on its Airtel Thanks App for
seamless and secure customer experience, and later through its nation-wide network of stores.
The combined strength of the companies’ digital assets will enable Airtel and Bajaj Finance to
significantly deepen penetration of financial products and services.
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.”
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.”
So far, two products of Bajaj Finance have been piloted on the Airtel Thanks App. By March,
four products of Bajaj Finance will be available to customers on the Airtel Thanks App. These
include Gold Loan, Business Loan, a co-branded Insta EMI Card and Personal Loan. Airtel will
progressively offer close to 10 financial products of Bajaj Finance within this calendar year.
Airtel customers have the opportunity to apply for the Airtel-Bajaj Finserv Insta EMI card via the
Airtel Thanks App and later through its nation-wide network of stores. Airtel-Bajaj Finserv EMI
card provides access to a range of offers available to Bajaj Finance customers.
Users will benefit
from flexible EMI options and payment plans for purchasing various goods, including
electronics, furniture and groceries at over 1.5 lakh partner stores across more than 4,000
cities. Additionally, the co-branded card is applicable for e-commerce transactions on multiple
platforms.
The Airtel Thanks App now also enables customers to secure a gold loan, enabling new-to-
credit customers to access finance and integrate with the formal financial system.
As part of the partnership, both the companies are committed to strong regulatory compliance,
data privacy and security, and seamless customer service.