Airtel Money launched

Airtel Money launched

 Bharti Airtel, through its wholly-owned subsidiary Airtel M Commerce Services Limited (AMSL), on Thursday, announced the pan-India launch of ‘Airtel Money’, the country’s first mobile wallet service by an operator.

The company had launched the service about a year ago in Delhi NCR and in Chennai on a trial basis. Using Airtel Money, Airtel mobile subscribers will be able to make payments for the utility bills, pay at merchant outlets and also transfer money to another person in 300 cities in India.

To subscribe, a mobile user will have to dial *400# or register on or visit the nearest Airtel money retailer to fill the application form and submit KYC documents such as identity proof, address proof etc.

After registration, activation will take place with the selection of a mobile PIN, following which, the user will have to load cash to the number from a net bank account or at a outlet. To make payments one will have to enter the receivers detail and initiate transfer.

There are two types of Airtel Money accounts: Express Account and Power Account, while the former has a daily spending limit of Rs 10,000 and the other Rs 50,000. For Power Accounts, Airtel has established merchant partnerships with over 1,800 brands across the country, the company said.