Airtel M Commerce Services Ltd (AMSL), a subsidiary of Bharti Airtel, has tied up with J&K Bank to utilize its more than 800 khidmat centers across the states for offering Airtel Money service. For the uninitiated, Airtel Money is a semi-closed mobile wallet service which allows Airtel customers to pay utility bills, recharge their phones, shop at merchant outlets and make online transactions using their mobile phones. Airtel Money mall that offers mobile, DTH recharge, among others, is powered by Oxigen. It also allows users to make instant money transfers between one Airtel money wallet to another and to bank accounts across the country. Airtel claims that Airtel money is India’s first mobile based service to offer such instant money transfers. Airtel currently offers three types of accounts: Express account with a daily spending limit of Rs 10,000 and Power account with a daily spending limit of Rs 50,000, Super account with a daily spending limit of Rs 25,000. While Express account allows one to pay utility bills and mobile recharges, Power account allows one to shop at merchant outlets, transact online and make money transfers. How Is Airtel Money Performing? It's unclear how Airtel Money is performing and how many transactions per month it is handling. It should be noted that, Airtel has not reported on revenues or transaction details during its recent conference call with the investors. Instead, it clubs its revenues from Airtel Money, data, SMS, music, ring back tones in its Non-Voice revenues. In its conference call, Airtel mentioned that Airtel has launched Airtel Money…
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
News
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
Advert
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
News
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
News
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...