Airtel has launched a mobile wallet service called Airtel Money which is effectively a debit card with a limit of Rs 5,000. It has launched a service in Gurgaon which enables mobile payments. The subscriber needs to deposit money in his mobile account (similar to a bank account), and can then transfer money to the shopkeeper's ‘mwallet’ by sending an SMS.

Retailers need a phone connection and card reader to process credit card payments; while in case of Airtelmoney both the customer and the shopkeeper must have Airtel connections.
Where can you use airtel money?

Retailers need a phone connection and card reader to process credit card payments; while in case of Airtelmoney both the customer and the shopkeeper must have Airtel connections.
Where can you use airtel money?
- 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 recharge
- Shop & 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
- 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 retailer
- You are now ready to send commands through the airtel money application on your phone and transact anytime, anywhere!
Comments
Post a Comment