Axis Bank joins Airtel to supply money services on your mobile phones
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Axis Bank joins Airtel to supply money services on your mobile phones

  • 2012-05-17 05:38:43
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News / Telecom Axis Bank joins Airtel to supply money services on your mobile phones
Airtel’s mCommerce Services restricted has affianced with Axis Bank for extending banking and payment services to Indian subscribers via the mobile platform. The partnership for extending banking and payment services to India’s unbanked millions through the ever present mobile platform. This alliance can leverage the companies’ respective strengths in telecom and banking sectors to empower financially excluded voters of India with banking merchandise and services towards enhancing their livelihood and quality of life.

Airtel cash Super Account a savings account of Axis Bank are opened for purchasers on Airtel cash powered by Axis Bank that may supply customers banking transactions together with money deposit, cash transfer and withdrawal. These accounts can offer convenient, safe and secure savings avenue to money Inclusion customers’ paying them savings account interest and additionally enabling them to form remittances.

The ‘Airtel money Super Account powered by Axis Bank’ offers the subsequent key features:

• A account of Axis Bank on the Airtel money platform
• Cash Deposit / Withdrawal from approved ‘Airtel money – Axis Bank’ shops
• Remittance of funds to alternative ‘Airtel money Super Accounts’
• Remittance to alternative bank accounts through NEFT (to be enabled soon)
• Savings bank interest on balances

Speaking at the launch event held in Mumbai, Shikha Sharma, MD & CEO, Axis Bank said, "We are delighted to partner with Airtel for strengthening our money inclusion initiative. Our alliance with Airtel can facilitate the Bank to achieve out to excluded segments of our population, each in rural and concrete centres, with inexpensive banking and money services."

Mobile customers will visit nearest authorized ‘airtel money – Axis Bank outlets’ and open ‘airtel money Super Account powered by Axis Bank’ on their mobile phones by submitting the prescribed application kind and KYC documents.
Categories: Telecom

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