NEWS / MOBILE PHONES

Introducing Airtel Money, Mobile Wallet Service

31 Jan, 2011, 4:33 pm IST | by Sriram Gurunathan | Mobile phones

Airtel today announced the launch of Airtel Money, their Mobile Wallet Service. Airtel customers can now walk into an Airtel store, load up their SIM card with a virtual wallet and use it for a myriad of services like booking tickets, paying electricity bills etc.

Money, money everywhere, Not one coin to use.

Here's where Airtel Money can be used:

  • 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
The service will be offered once the Airtel customer requests the service by submitting the requisite documents, following which they will be given a new 64k SIM card with an activated wallet. Here's how to activate Airtel Money:
  • 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!
Speaking on the launch, Atul Bindal, President of Mobile Services, Bharti Airtel had this to say. “The mobile phone is fast emerging as a device that enables our lives in more than many ways. Taking this a step further, we are proud to launch airtel money as a first-of-its-kind  service from a telecom operator, that transforms the mobile phone into a secure and convenient wallet which customers can use to load money and use it for shopping and making payments. We see a huge potential for mCommerce services in India and are confident that the launch of airtel money will facilitate a paradigm shift in the way consumers transact”.

Airtel Money has only been launched in Gurgaon for now, but will be expanded to cover other key cities of India soon.

Tags: Airtel , Cash , Money , Airtel Money , Mobile Wallet Service , Mobile Phones , SIM Card , Wallet

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