Bharti Airtel plans to invest $2.2 billion in its financial arm, Airtel Money, over the next few years to expand its digital lending services. This move comes as competition in India’s non-bank lending sector heats up, with players like Jio Financial Services and Bajaj Finance scaling up their operations. Airtel’s diversification beyond telecom into areas like data centers and cloud services is aimed at strengthening its financial services business. The telecom major will contribute 70% of the capital infusion, with Bharti Enterprises providing the rest. This strategic investment aims to leverage Airtel’s large customer base for future growth.

Read more at Yahoo Finance: Indian telecom firm Bharti Airtel to invest $2.2 billion to expand digital lending