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Messaging and social technology service provider Hike has partnered with Airtel Payments Bank to power its mobile wallet.
Through the partnership, Airtel Payments Bank gets access to over 100 million users on Hike and will begin powering Hike Wallet. The digital wallet has crossed more than 5 million transactions as of November, growing by over 30 per cent month-on-month.
Hike users will have access to Airtel Payments Bank’s product line, including merchant and utility payments, and KYC infrastructure, giving a big boost to the platform in light of the recent KYC guidelines announced by the RBI.
“This is a great move for our users and it will ensure that they have an uninterrupted service when the new guidelines kick in. We look forward to working with Airtel on supporting this effort to bring more Indians online and enable easy transactional services for them,” said Pathik Shah, Vice-President, Product, Hike Messenger.
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