Bharti Airtel has launched mobile wallet service ‘airtel money’ in Maharashtra and Goa. Customers could choose from two airtel money accounts: express and power accounts. In express accounts, one can load cash and spend up to Rs10,000 daily, while the power account has a limit of Rs5,000 per transaction. Over 1,800 brands across the country will accept payments via airtel money. The brands include utility providers, insurers, retailers, mutual funds, movie theatres and local merchants. Airtel has tied up with over 60 brands and merchants in the north eastern states for its airtel money.
Nokia has decided to shut down its mobile money services globally. The decision is in line with its earlier decision to move out from non-core business. However, the service will continue for three-four months until an exit strategy is formulated and customers have time to use up the money. Nokia launched the services in 2010 in association with Yes Bank and Union Bank. Around 1.2 million people are using Nokia mobile money services throughout India.
Mahanagar Telephone Nigam Ltd (MTNL) has launched a pre-paid mobile recharge service through bank ATMs for its 2G/3G GSM (global system for mobile communications) customers in Mumbai. MTNL Mumbai’s prepaid recharge through ATMs facility is available through Barclays Bank, Citibank (kiosk), Corporation Bank, Dena Bank, Deutsche Bank, Development Credit Bank, Greater Bank, IDBI Bank, ING Vysya Bank and Standard Chartered Bank.