Our Digital Payments coverage is brought you by Chillr: India’s 1st multi-Bank instant mobile payment app enabling fund transfers to anyone in your phonebook. Airtel M Commerce Services Limited (AMSL), the holding company which operates Airtel Money in India, posted a net profit of Rs 4.47 crore for the year ended March, 2015. The company had posted a loss of Rs 106.26 crore in the fiscal year ended March, 2014. Income from operations stood at 39.44 crore for the period, a growth of 4.71% from Rs 37.66 crore from the year ended March, 2014. However, the net profit was boosted by other income at the company which stood at Rs 81.93 crore. Other income at the end of March, 2014 stood at Rs 4.95 crore. It's worth noting that a major component of other income included a support service charge of Rs 61.63 crore. The company adds that the support service charge is a recovery for providing services to a holding company. We've written to Airtel for a clarification on what services it provided and will update once we hear back from them. Expenses - A major component of of the company's expenses were dealer commissions which stood at Rs 37.31 crore. The company dealer commissions for the year ended March, 2014 was Rs 34.16 crore, a growth of 9.22%. - Other significant expenses includes IT and call centre outsourcing (Rs 31.74 crore) and advertising and marketing (Rs 26.21 crore). Airtel Money developments in India Airtel Money hasn't disclosed operational…
