Now use airtel money to make payments and transfer money across India
 
» Following a successful first phase of launch in Delhi NCR & Chennai, airtel money is now available in 300+ key cities pan India
» airtel money becomes India's first mobile based service to offer instant money transfer between its own prepaid wallets and to bank accounts
» An easier alternative to cash / card payment options, customers can now use airtel money to pay utility bills, mobile recharges, bill payments and online transactions
 
New Delhi, February 23, 2012: Bharti Airtel, through its wholly owned subsidiary Airtel M Commerce Services Limited (AMSL), today announced the pan India launch of airtel money –country's first of its kind mobile wallet service by a mobile operator. Available across 300 key cities in India - airtel money is a fast, simple and secure service that allows its users to load cash on their mobile devices and spend it to pay utility bills and recharges, shop at 7,000+ merchant outlets, transact online etc. Apart from serving as an easy alternative to cash / card payment options, airtel money has now become the first mobile based service to offer customers the convenience of instant money transfer from an airtel money wallet to another airtel money wallet and bank accounts. With this, customers can now use airtel money to make payments and transfer money across the country.
 
 
The national availability of airtel money follows the success of service's first phase of launch in Delhi NCR and Chennai in 2011. Commenting on the rollout, Sanjay Kapoor, CEO – India & South Asia, Bharti Airtel said, "While an estimated 240 million people across India hold bank accounts, more than 90% of country's population uses cash to pay for its daily needs. Additionally, a majority of customers continue to rely on traditional or time consuming methods like money orders and cheque remittances when it comes to transferring funds. On the other hand, the penetration of mobile telephony currently enriches the lives of over 900 million people in our country and can facilitate a paradigm shift in the way India transacts. We see the national rollout of airtel money playing a pivotal role in accelerating mobile based commerce in India and look forward to further extending the availability of this service in deeper pockets of the country in weeks to come."
 
 
How does airtel money work?
 
Subscribe: Dial *400# / register on www.airtelmoney.in / visit nearest airtel money retailer to fill the application form and submit KYC documents (2 copies of identity proof, 1 copy of address proof, 1 passport size photo)
Activate: Simply choose your MPIN to activate the account
Load cash: Load cash by visiting your nearest airtel retail outlet or through your net banking account
Get started with airtel money!
» Pay bills & recharge - Use this cash in your mobile for making bill payments (e.g. electricity, gas, financial services) and recharges
» Shop - Instead of cash, pay over-the-counter merchants (e.g. nearest kirana store, local chemist), buy movie tickets online and more!
» Transfer – Use your mobile to send money directly to the bank accounts of your friends and family
   
Customers can choose from 2 types of airtel money accounts – Express Account and Power Account:
airtel money
wallet type
Daily spending
limit
Pay utility bills
& recharge
Shop at
merchant outlets
Shop
online
Transfer
Express Account Rs. 10,000      
Power Account Rs. 50,000
 
airtel mobile customers can self register for airtel money Express Account by dialling *400# from their mobile phones or sign up for the service by walking into any of the 15,000 plus airtel money outlets across the top 300 cities of India and submitting the required KYC documents.
 
For airtel money Power Accounts, airtel has established merchant partnerships with over 1,800 brands across the country - this includes utility providers; state electricity boards viz. BSES, Reliance Energy, Indraprastha Gas, telecom (BSNL/MTNL) and insurance (LIC) and mutual funds, organized retailers (e.g. DT Cinemas, Fun Cinemas, Megamart, Univercell, Apollo Pharmacy) as well as local chemists and grocery stores who will now accept payments via airtel money, thereby ushering a new era in the world of electronic payments.
 
Additionally, airtel money will work as a convenient payment alternative to debit and credit cards in days to come for online transactions on popular websites like Flipkart, Yatra, Letsbuy and even www.airtel.in. What's more - customers using airtel money will be able to avail exclusive discounts and attractive offers at various merchant outlets in the market – and save money as they shop!
 
In 2010, AMSL 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.
 
To know more about airtel money, Airtel mobile customers can dial 121 from their mobile phones or simply visit www.airtelmoney.in. In addition to the website, non-Airtel mobile customers can dial 88-00-01-21-21 for more information.
 
About Bharti Airtel Limited
Bharti Airtel Limited is a leading integrated telecommunications company with operations in 19 countries across Asia and Africa. Headquartered in New Delhi, India, the company ranks amongst the top 5 mobile service providers globally in terms of subscribers. In India, the company's product offerings include 2G & 3G mobile services, fixed line, high speed broadband through DSL, IPTV, DTH, enterprise services including national & international long distance services to carriers. In the rest of the geographies, it offers 2G & 3G mobile services. Bharti Airtel had over 244 million customers across its operations at the end of January 2012. To know more please visit, www.airtel.in
 

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