Airtel Payments Bank launches "SafeToPay"
Looking at protecting customers from internet-based fraudulent activities, Airtel Payments Bank on Wednesday, Jan 20, 202 said it has introduced a new payment gateway, “Airtel SafePay”. It is free of cost that provides third layer authentication for Internet banking. The payment bank will offer insurance against phishing, stolen accreditations or passwords, and telephone cloning. Airtel SafePay depends on network insight to forestall web-based financial cheats for their users.
The latest feature launched will be a mode of safe digital transactions to protect customers from online fraudulent activities. Airtel SafePay is an extra security wall that will forestall potential web cheats when airtel users execute utilizing a Unified Payment Interface (UPI) or Internet-banking through the Airtel Payments Bank. It will permit users of the payment bank to go through with digital transactions across dealers, merchants, online retailers, and rolling-out cash. Using the Airtel Thanks app, Users can create an Airtel Payments Bank account through a video call.
The subsidiary of Bharti Airtel Ltd stated, "Airtel SafePay utilizes Airtel's telecom prohibitive strength of network intelligence to give an additional layer of payment endorsement diverged from the business-standard.
MD and CEO of Airtel Payments Bank, Anubrata Biswas stated, "We are glad to use Airtel's core telco qualities to advertise this unique capacity that guarantees that our customers or clients have full command over their transactions. This sets another benchmark in the Indian digital payments space by making security principal."
Chief Product Officer, Bharti Airtel, Mr. Adarsh Nair stated, "Airtel SafePay is one more advancement where our safe network and elite digital platforms join to take care of an exceptional market issue. At Airtel, we are initiating the pack in contributing the most protected advanced online payment platforms to our users and ensuring that they will consistently be in control without stress over maverick transactions."
India is witnessing the Digital Payment revolution. A report by fintech firm Razorpay says, "Level 2 and 3 urban areas added to 54% of computerized exchanges in 2020, showing a 92% development in only one year."