CONTENT

Sr.No Topic Pg.No

01 Airtel money: introduction
02 Features and benefits
03 Airtel money mobile wallet service
04 What you need to know about Airtel money: an article
05 bibliography








Airtel Money: An Introduction
Bharti Airtel has launched Airtel Money, a mobile wallet service, across India. The Airtel
Money service, is now available across 300 key cities in India, and will 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 also
offers 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.
It is a platform to pay/transfer money from anywhere/anytime. In simple words, airtel money
is an account on your mobile phone. You can now deposit money (called loading cash) on
to your airtel money account and use this balance to pay for various products & services
through a simple menu on your phone.
Why Airtel money?
Secure method of Sending money to loved ones.
Affordable means of Sending and Receiving Money.
Opportunity to access banking Services, save money.
Minimal Exposure to robbery attacks, no need to keep money.
Simple and user friendly menu, easy to navigate products.(Simplifying customer life
and giving them freedom)

Types of account under Airtel money:
There are two types of accounts under the Airtel Money service - express account and power
account.
Users can dial *400# from their Airtel 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.
Under the Express service: Airtel users can enjoy services like paying utility bills like
electricity, mobile recharge, gas etc. Users of this service can spend up to Rs 10,000 daily by
uploading cash on their Airtel Money account.
Airtel Money Power Accounts offers lot many services than the Express account. Users
with Power accounts can apart from paying utility bills can use their mobile to shop at
merchant outlets.

Features
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.
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.
The mobile wallets are generally very secure even in case users misplace their
handset. Airtel mobile wallet service can be used by any Airtel customer with any
handset.

Benefits
Convenience:
Various payments can be made from anywhere, at any time. No more waiting in
queues or searching for exact change!
Easy to use:
Using airtel money is as easy as making a call. All you have to do is dial *400# and
use the simple interactive menu.
Safety:
Every payment has to be confirmed with your secret 4 digit mPIN. So even if you lose
your phone, your money is still safe.
Great offers:
Airtel money gives you exclusive value on Airtel payments. Not only that, there are
also a lot of other discounts with our merchant partners.

Airtel Money Mobile Wallet Service Reach
Airtel claims that the service will be available in 7,000+ merchant outlets in 300 cities across
India.

Airtel Money Mobile Wallet Service Performance.
Airtel moneys initial pilot was in Gurgaon and the service was launched in Chennai in May
2011, followed by Delhi in June 2011.
Airtel Money was handling around 1665 transactions in April 2011, with the total transaction
size being Rs 1,56,456, at an average of Rs 93.97 per transaction. However, it should be
noted that the service was available only as pilot in Gurgaon during that period.

Airtel Money Mobile Wallet Service Registration Process.
Airtel mobile customers can sign up for the service by registering for an Express Account by
dialling *400# from their mobile phones or walking into one of the 15,000 plus airtel money
outlets across the top 300 cities of India and submitting the requisite KYC documents (2
photocopies of proof-of-identity, 1 copy of proof-of-address and a passport size photograph).

Airtel Money Partners
Airtel claims to have partnered with over 1,800 brands across the country, including utility
providers, state electricity boards like BSES, Reliance Energy, Indraprastha Gas, telecom
(BSNL/MTNL) and insurance (LIC) and mutual funds, organized retailers such as DT
Cinemas, Fun Cinemas, Megamart, Univercell, Apollo Pharmacy among others as well as
local chemists and grocery stores.
It has also partnered with e-commerce companies such as Flipkart, Yatra, and Letsbuy to
offer Airtel money as one of the alternative payment modes.
In order to incentivize the customers to use Airtel Money, Airtel also added that it will be
offering various discounts and offers at its merchant outlets across the country.

Airtel Money Mobile Wallet Service Competitors
My Mobile Payments had launched a semi-closed m-wallet in November 2011.
Loop Mobile had recently partnered with Zip Cash to offer a mobile payments service.
Nokia launched its mobile wallet service called Nokia Money in December last year.




What you need to Know About Airtel Money article by Madhav Tripathi
Airtel Money is a mobile commerce service, alternatively you can call mobile payments
service. I do not know any other mobile commerce service in India. Airtel Money converts
your mobile in to a wallet. You can replace your wallet with the mobile phone as computer is
replaced by mobile phones.


Airtel-Money is available only on Airtel SIM cards. You need airtel money on your mobile,
then you need cash in your airtel money account then you can use it. Airtel money is
launched in 300 cities of India. You can pay instant money or transfer instant money using
airtel money.
There are two type accounts; Express account and Power account. Express account is basic
account that can used to purchase travel tickets, utility will payments as mobile recharge,
digital TV bill, electricity bill, water and gas bill etc.
With a power account you can do all the things that you do with Express account but other
features are also included as movies ticket booking and shopping at restaurant, spas, online
shopping, insurance premium, donation etc. You can send money to another Airtel money
user with the power account that is not allowed in express account.
If you airtel payment as mobile recharge, internet connection or DTH, non-airtel utility bill
payments are charged Rs. 10. For travel ticket booking 1% is charged and maximum Rs. 50,
movie ticket booking is free in starting.
If you transfer to another airtel money user you will be charged Rs. 5 up to Rs. 500 and Rs.
10 above 500. If you send money to bank account you will be charged 2% or minimum Rs.
10.
There is no minimum balance need. You can fill cash to your airtel money account using net
banking on Airtel money website or on Airtel money recharge outlet.
Users do not need any special kind of phone or any application download.
















Bibliography

http://www.airtel.in/money/important-alerts.html
http://africa.airtel.quasar.in/airtelmoney/uganda/what_is_airtel_money.html
http://www.investmentbazar.com/airtel-money/
http://big.onvab.com/2012/02/airtel-money-mobile-wallet-facts.html
http://airtelbroadband.in/wps/wcm/connect/About%20Bharti%20Airtel/bharti+airtel/
media+centre/bharti+airtel+news/mobile/pg-goodbye-cash-hello-airtel-money
http://www.themobileindian.com/new-launches/1415_Airtel-launches-mobile-money-
service-across-India
http://techshali.com/about-airtel-money/
http://gadgets.ndtv.com/telecom/news/airtel-money-goes-nationwide-facts-and-
analysis-224453