Airtel Mobile Wallet Service “Airtel Money” launched in India

Leading Telecom service provider Bharti Airtel today launched India’s 1st mobile wallet service “Airtel money”. The service will enable airtel mobile customers to use the power of the ubiquitous mobile platform to make payments the easier way – at anytime, sitting anywhere. The mobile wallet service of Airtel is now available in Gurgaon and soon will be launched across several other key cities in India in a phased manner.

Load cash: Load cash on your airtel mobile by visiting your nearest airtel retail outlet.Pay bills & recharge: You will be able to use this cash in your mobile for making bill payments (electricity, gas, financial services, etc.) and rechargeShop & make payments: Instead of cash, pay over-the-counter merchants such as your nearest kirana store, chemist, etc using your mobile phone. You can even sit at home and pay for services like booking movie tickets online

In 2010, Bharti airtel was granted the license to use the Semi Closed Wallet by the Reserve Bank of India. The company has designed a secure and robust backend system to offer India’s first mobile wallet service by a telecom operator - airtel money - as a safe, convenient and user friendly medium for customers to make payments.

In Gurgaon, airtel has already established partnerships with several merchants (including coffee shops, restaurants etc) to accept payments via airtel money – which will gradually be scaled up to over 3,000 merchants across the city. airtel money will subsequently be launched in Delhi NCR and several other key cities in India. Customers will also be able to avail airtel moneyexclusive discounts and attractive offers that will be offered at various merchant outlets in the market – and save money as they shop!

Register by filling in the application form and submitting KYC documents (2 photocopies of proof-of-identity, 1 copy of proof-of-address and a passport size photograph).After the above, your existing airtel SIM will be upgraded to the new 64K airtel SIM with airtel money.Activate your airtel money account by choosing your MPIN.Load cash into your airtel money account by visiting your nearest airtel retailerYou are now ready to send commands through the airtel money application on your phone and transact anytime, anywhere!

Airtel had recently announced a JV with State Bank of India to provide banking and financial services to millions of unbanked Indians using the mobile platform. With this launch of airtel money – airtel now offers a complete suite of financial products on mobile devices for the banked as well as unbanked population of the country.

To know more about airtel money, customers can dial 12121 (toll free) from their airtel mobile phones and get started. For more information, non-airtel mobile customers can dial 8800012121 or simply visit www.airtelmoney.in

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