Bharti Airtel a leading global telecommunications company with operations in 19 countries across Asia and Africa, has introduced mobile wallet service through its wholly owned subsidiary Airtel M Commerce Services.
Customers will be able to load cash on their mobile devices through Airtel Money service and will be able to pay utility bills and recharges, shop at merchant outlets, transact online and transfer money. They can also avail themselves of discounts and offers at various merchant outlets.
The company has posted a fall of 23.37% in its net profit to Rs 1416.00 crore for the quarter ended December 31, 2011 as compared to Rs 1847.80 crore for the same quarter in the previous year. However, total income has increased by 9.86% to Rs 10523.00 crore for quarter under review as compared to Rs 9578.60 crore for the quarter ended December 31, 2010.
