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Stellapps partnered with Airtel Payments Bank

Published on October 01, 2021
Current Context: Stellapps which is the dairy tech startup has partnered with Airtel Payments Bank.
Stellapps partnered with Airtel Payments Bank
  • They have partnered to enable cashless transactions to the small dairy farmers in India.
  • The partnership will reduce the work of farmers to travel to the ATM or bank branch to withdraw or deposit the cash.
  • Under this partnership, the stellapps milk collection center will act as a banking point.
  • At these centres the farmers will be able to open bank accounts, withdraw or deposit cash, earn interest on savings, perform Aadhaar based payments, avail government pension schemes and perform milk payments.
  • These centers will be powered by mooPay. Thus Stellapps will bring financial inclusion to the small dairy farmers via its mooPay fintech platform.
  • The Airtel Payment Bank will work to onboard Stellapps’ new partner milk collection centers as banking points.
  • The first phase of the partnership will be executed in Uttar Pradesh and Madhya Pradesh.
  • It will be executed in UP’s Varanasi and Kanpur cities and in the Gwalior city of MP.
  • Static Part: 
    • HQ of Airtel Payments Bank: Mumbai
    • MD and CEO of Airtel Payments Bank: Anubrata Biswas

Question: 

Q.1 With which financial entity has Stellapps partnered to enable cashless transactions to the small dairy farmers?
a. PhonePe
b. Airtel Payments Bank
c. Paytm
d. Jio Payment Bank
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