23-04-2024 01:38 PM | Source: Accord Fintech
Bharti Airtel rings loudly after its arm launches eco-friendly NCMC enabled debit, pre-paid cards

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Bharti Airtel is currently trading at Rs. 1343.25, up by 44.80 points or 3.45% from its previous closing of Rs. 1298.45 on the BSE.

The scrip opened at Rs. 1314.35 and has touched a high and low of Rs. 1350.90 and Rs. 1302.80 respectively. So far 332729 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1,350.90 on 23-Apr-2024 and a 52 week low of Rs. 755.60 on 24-Apr-2023.

Last one week high and low of the scrip stood at Rs. 1,350.90 and Rs. 1215.70 respectively. The current market cap of the company is Rs. 810435.01 crore.

The promoters holding in the company stood at 53.49%, while Institutions and Non-Institutions held 43.66% and 2.85% respectively.

Bharti Airtel’s subsidiary -- Airtel Payments Bank has launched its eco-friendly NCMC (National Common Mobility Cards) enabled debit and pre-paid cards. The Bank has partnered with National Payments Corporation of India (NPCI) to launch these interoperable cards that are powered by RuPay. The launch comes in alignment with the Bank's commitment to India's One Nation, One Card vision.

The Bank has introduced NCMC enabled debit card for its savings account customers and NCMC enabled pre-paid card for the wallet customers. Both cards are being made from eco-friendly e-PVC material, which is certified for its environmental sustainability. The adoption of these cards allows Airtel Payments Bank to make a significant positive impact on the environment.

Customers can use any of the cards to make safe, secure and contactless payments at all merchant establishments, online (e-commerce), as well as offline NCMC transit transactions at metros, buses, parking, etc across the country. At metro stations, commuters would just have to tap and go at the gates without the hassle to get in queues and purchase tickets. The card also facilitates the issuance of concession and monthly passes wherever supported by the transport operator, eliminating the necessity to buy and handle multiple cards for various transport operators.

Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.