Bharti Airtel, one of the leading emerging markets’ telcos, announced today that Reserve Bank of India has granted it license to offer semi Closed Wallet Services in India.
Bharti Airtel becomes the first telecom operator which has got licence to provide mobile financial services in India. However Other mobile service operators are also expected to start such services after securing licences.
The semi closed wallets are mobile payment instruments that are redeemable against products and services at certain merchant locations, which contract with the issuer to accept the payment instrument.These instruments do not permit cash withdrawal or redemption by the holder.
With the Semi closed wallets Airtel customers can exchange physical cash for virtual money which can be stored on a Mobile phone to pay for goods or services that cost less than Rs 5,000.
According to Airtel’s media statement it is currently evaluating various options that this licence provides to find the best value proposition for subscribers. The company said it is imperative to design safe and convenient deployment before the semi closed wallet can be taken to market, and that it is difficult to give an exact time-line for launch.
Raccoon September 21, 2010 at 5:07 pm
@Hemant
You badly need a reality check dude.
And can’t speak about your fingers, but I know what mine do and don’t.
Digha September 21, 2010 at 3:59 pm
@Hemant
What will u say when they activate caller tune etc services, without your permission and deduct money ?
kunal kumar kejriwal September 21, 2010 at 3:42 pm
haha…good joke dude…
AWARA September 18, 2010 at 11:05 am
DO YOU KNOW AIRTEL IS A BIG LOOT COMPANY THEY WILL DEDUCT YOUR MONEY A LOT AS I’M AN EXPERIENCED USER EVERYTIME AIRTEL DEDUCTED MY MONEY AND I SWITCH BACK TO DOCOMO
@Hemant
Hemant September 17, 2010 at 4:22 pm
@Raccoon
Mobile company never loots anyone. It is your finger on mobile keyboard which runs to try many things and money get deducted from mobile. They have automated systems and no manual intervention to deduct the money like Swapping of credit / debit card done by shopkeeper.
Awara September 16, 2010 at 8:21 pm
Airtel is a Most Dirty GSM Mobile Service Provider. As Per Kaushik Roy Comment They Can also Provide this Kind of Dirty Services
I Think Airtel Will Not Provide the 3G Services Properly as People Expected
H!T$ September 16, 2010 at 4:30 pm
Paymate/Giftmate is also providing such type of facility on any telecom operator in india.
Kaushik Roy September 16, 2010 at 4:30 pm
FEW MORE ALERTS COMING SOON FROM AIRTEL
6 AM – WAKING ALERT
8 AM – BREAKFAST ALERT
9 AM – OFFICE BOSS ALERT
10 AM – CLIENT ALERT
2 PM – LUNCH ALERT
4 PM – MEETING ALERT
6 PM – SNACKS ALERT
9 PM – DRINKING ALERT
10 PM – DINNER ALERT
11 PM – SLEEPING ALERT
ALL ARE RS 1 PER DAY
ONCE TWO ALETS CAN BE ACTIVATED AT SAME TIME
FOR MORE INFO CALL 121
H!T$ September 16, 2010 at 4:23 pm
This service will differentiate between airtel and others operators. Only leading telecom operators can get such types of licenses. Feel good.. You are an airtel customer.
H!T$ September 16, 2010 at 4:19 pm
Aur kya naya chaiye… Airtel will be the first company to provide such type of services. Really good initiative and good service.
Even though they charge mininmum for this service. It would be good. Coz we have not to carry our credit card everywhere.
AWARA September 16, 2010 at 1:41 pm
@stepfree
99%Wrong Info As Per True Info Airtel Has Nearly 30 to 40 Million Inactive Numbers Once Upon a Time in Karnataka Airtel is a Trustable Operator. Because of Competitor Operators like Aircel, DOCOMO and Uninor Airtel’s Subscribers addition Falled to Below 20000
Raccoon September 16, 2010 at 1:38 pm
@stepfree
So does this information that 14 crore people are using the network help me and others who have been looted to get our money back? If yes, please inform how.
stepfree September 16, 2010 at 1:19 pm
I just dont get it, if its a looting company how come there are 14 crore people using the network. There should be some value for the money you pay them, right?
Sushant September 16, 2010 at 1:07 pm
Kuch naya ofr lao airtel walo
Raccoon September 16, 2010 at 12:54 pm
Nice. Till now they have been looting subscribers balances. Now they can loot from these wallets also.
tejas September 16, 2010 at 12:48 pm
This is a very good initiative…I guess works like a virtual debit or credit card. It will be very useful once its accepted at majority merchant locations. In emergency situations it will b v useful. But lets see what the charges and other levies are. In future I guess all the operators will be providing this facility.
dinesh September 16, 2010 at 12:33 pm
it is a good step.imagine paying for ebay purchases with this wallet account.hope airtel and ebay or other similar sites work together to make this happen.
Kaushik Roy September 16, 2010 at 12:27 pm
ek aur Baakwas