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Airtel Money Introduces Mobile Wallet Payments & Money Transfer Across India

Bharati Airtel owned subsidiary Airtel M Commerce Services Limited (AMSL), today announced the plan to introduce airtel money – country’s first of its kind mobile wallet service by a mobile operator.

Airtel Money Logo

Airtel Money Logo

Available across 300 key cities in India, Airtel Money is a fast, secure and simple money service that allows its users to load cash on their mobile devices and spend it to pay utility bills and recharges shops at 7000+ merchant outlets.

This service will be first launched in New Delhi NCR and Chennai in 2011. Sanjay Kapoor, CEO – India and South Asia 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 bulk 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.”

Find more details about Airtel Money.

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