# Accessible Mobile Banks The Just Launched Airtel Payments Bank is the First of Its Kind in India By Alyson Wyers | Published 2017-01-13 | Tech Source: Trend Hunter, https://www.trendhunter.com/trends/payments-bank References: [mashable](http://mashable.com/2017/01/12/airtel-payments-bank-india-launch/) & [airtel.in](https://www.airtel.in/bank) The biggest telecom network in India recently opened the country's first payments bank. This new banking model accepts restricted deposits and do not do credit cards or loans. The [Airtel Payments Bank](https://www.trendhunter.com/trends/Airtel-Madagascar) also addresses India's unbanked population by making financial services more accessible. This service is available in all 29 states, with 250,000 retail locations country-wide acting as banking centers. People interested in opening a bank account with Airtel won't need to worry about providing documentation either, because the new bank falls under the [Indian government's](https://www.trendhunter.com/trends/renewable-energy-development-agency) Aadhaar initiative. This program establishes cloud-based driving documents and other identification information like [fingerprints and eye scans](https://www.trendhunter.com/trends/biometric-system). India's effort to make banking widely available via mobile devices also paved the way for Airtel's latest development. ## Trend Insights (Trend Hunter) - Score: 1.6/10 - Popularity: 11% | Activity: 30% | Freshness: 8% - Audience gender: 50% men, 50% women - Primary generations: Gen Z, Millennial, Gen X - Top markets: Asia ## Categories [Trend Hunter](https://www.trendhunter.com/trends) > [Tech](https://www.trendhunter.com/tech) > [Mobile](https://www.trendhunter.com/mobile) ## Key Themes ### Key Themes Behind This Trend - **Accessible Mobile Banking:** The launch of Airtel Payments Bank in India highlights the trend of making financial services more accessible through mobile devices. - **Unbanked Population Solutions:** Airtel Payments Bank addresses India's unbanked population by providing banking services without the need for documentation or physical banking centers. - **Digital Identification Systems:** The Indian government's Aadhaar initiative, which uses cloud-based driving documents and biometric identification, supports the trend of using digital identification systems for mobile banking. ### Where This Applies - **Telecommunications:** Telecom networks can explore opportunities to provide mobile banking services and expand their offerings. - **Financial Services:** Financial institutions can take advantage of the trend of accessible mobile banking to reach unbanked populations. - **Information Technology:** IT companies can develop digital identification systems to support mobile banking services and improve user experience. ## Related on Trend Hunter - [Comprehensive Indian Payment Tools](https://www.trendhunter.com/trends/bharatpe.md) - [Simplicity-Focused Mobile Banking Apps](https://www.trendhunter.com/trends/mobile-banking-apps.md) - [Financial Accessibility-Focused Partnerships](https://www.trendhunter.com/trends/financial-accessibility.md) - [Finance-Focused ID Verification Services](https://www.trendhunter.com/trends/id-verification-service.md) - [Virtual Banking Environments](https://www.trendhunter.com/trends/uni-verse.md) - [Super App Transit Expansions](https://www.trendhunter.com/trends/paytm.md) - [AI-Powered Banks](https://www.trendhunter.com/trends/ryt-bank.md) - [Instant Payment Cellphones](https://www.trendhunter.com/trends/nokia-105-classic.md) - [Gen Z-Specific Numberless Cards](https://www.trendhunter.com/trends/axis-bank.md)