How Airtel Money Works - Revolution in Mobile Banking

 



Airtel brings in innovative solution for Mobile banking in India and after so much of putting money in their advertisements, they are trying to bring in revolution in the field of virtual cash. First when credit/debit cards were introduced, there was no need to carry large amount of cash with you. Just swipe your card and shop. But, now, you dont even need to carry your cards along with you! Your mobile phone is enough for shopping. Moreover, you need not have internet connection in your mobile phones to use Airtel Money. It can be even accessed from low end mobile phones too. It is based on USSD ( its the same in which you check your mobile balance ( *111# types) and also SMS based too.

What are the charges for using Airtel Money?

Transaction Charge* airtel payments FREE Non-airtel utility payments Rs. 10 Travel ticket booking Travel ticket booking (online): 1% of transaction amount, subject to a maximum of Rs. 50 Movie ticket booking FREE (introductory offer) Shops, restaurants etc FREE Send money to airtel money customer Rs. 5 for transactions up to Rs. 500, Rs. 10 for transactions above Send money to bank account 2% of transaction amount, subject to minimum of Rs. 10

Benefits of Airtel Money:

Convenience: Various payments can be made from anywhere, at anytime. 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 their merchant partners. Visit the offers section on the website for details

How you can load money into Airtel Wallet?

Airtel has offered two solutions for loading your cash inside Airtel wallet

a) Online Recharge (Net banking) on www.airtelmoney.in
Click on easy load cash, provide your bank details and follow the instructions on screen to load cash in your account instantly. You can also recharge through airtel money self care account.

b) Retail Outlet recharge: You can load cash at any authorized airtel money retail location. No one other than an authorized airtel money retailer can load money into your account. For updated list of retail outlets please check Search a retailer link on their website.

There are limits to send/receive money which depends upon the plan you choose.

Here's the demo of Airtel Money: