Airtel Payments Bank likely to generate Rs 7,650 cr in revenue by 2030
- ByStartupStory | April 25, 2022
Airtel Payments Bank, a unit of Bharti Airtel is expected to generate $1 billion (nearly INR 7,650 crore) in annual revenue by the year 2030. This is against the backdrop of an estimated 10-fold jump in its gross transactions value and a sharp surge in its monthly transacting user base, say analysts. Airtel Payments Bank, which turned profitable in the September quarter of FY22, currently has a revenue of around 1,000 cr on an annualised basis.
“Bharti has always found a way to generate profit in the Indian fintech ecosystem, and we model Airtel Payments Bank rising to USD 1 billion of revenue by 2030,” UK-based telecoms research firm New Street said in a note.
The research firm also added in the note that APB’s current worth is estimated at nearly $3.5 billion.
The estimated revenue jump, New Street said, is based on Airtel Payment Bank’s GTV growing from 0.7 percent of Indian GDP now to 2.8 percent over time, its current base of 32 million (monthly) revenue-generating users rising to 200 million by the year 2030 and its average revenue per user growing 3% annually. Airtel Payments Bank’s GTV was at 1.5 lakh-crore ) on an annualised basis in the December quarter, FY22.
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