Bharti Airtel Ltd.

BSE: 532454 | NSE: BHARTIARTL
Large Cap | Telecommunication - Service Provider
2091.60
-0.45 (-0.02%)
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Airtel Money comes to Chennai

Date: 11-05-2011

Airtel's three lakh customers in Chennai can now pay their electricity bills or recharge their Airtel services through mobile. The mobile commerce (m-Commerce) offering, Airtel Money, allows customers to make cashless payments using their mobile phones – anytime, anywhere. Customers need to load cash on their mobile from the Airtel retail outlets. Similar to the credit card or debit card, a customer instead of paying cash can pay over-the-counter merchants using the mobile phone.

Airtel in Chennai has partnered with around 750 prominent merchants, including Oriental Cuisines (which runs Benjarong, Zara, Cascade and French loaf restaurants), Univercell, Poorvika, Inox, Bharti AXA and LIC. Once registered with Airtel, the existing Airtel SIM will be upgraded to the new 64K Airtel SIM with Airtel Money at no additional cost. In 2010, Bharti Airtel was granted the license to use the Semi-Closed Wallet by the Reserve Bank of India.