Article

  Comment(0)

 
Share:    Email  

Axis Bank, Bharti Airtel join hands for mobile banking services

Economic Times

Wednesday, May 16, 2012 - 10:35

Country's third largest private sector lender Axis Bank today tied up with the country's largest mobile telephony company Bharti Airtel, with an eye on the domestic remittance market, which also helps the financial inclusion agenda.

MUMBAI: Country's third largest private sector lenderAxis Bank today tied up with the country's largestmobile telephony company Bharti Airtel, with an eye on the domestic remittance market, which also helps the financial inclusion agenda. 

Under the partnership, a no-frills savings bank account will be offered to a customer and the account holder can undertake many transactions like remit, deposit and accept credit using Airtel's mobile telephony infrastructure -- Airtel money. 

The bank is targeting to take the service to 500 pockets and villages in Mumbai and Delhi, eastern UP and Bihar within the first quarter of the launch, bank's Managing Director and Chief Executive Shikha Sharma told reporters here.

Axis Bank and Bharti Airtel have partnered with software major Infosys for facilitating the service. 

On the occasion, Reserve Bank Deputy Governor K C Chakrabarty cautioned the service providers against concentrating only on the fee-giving remittance service as other services like deposit taking and advances will help make the model more profitable. 


Read the full story by clicking the link below
http://economictimes.indiatimes.com/news/news-by-industry/telecom/axis-bank-bharti-airtel- join-....
 
Tags: Mobile Banking, APAC, India, Bharti Airtel, Axis Bank, Remittance

Sponsored Links
 

 

  Article

   Comments(0)

 
Login or register to post comments
[Show comment]

FEATURED EVENTS

Mobile Money Africa 2014Digital Banking Summit
PayExpo 2014 

Stay Connected

 
Sign Up for the Latest in:
 
 
Mobile Money Transfer
Mobile Commerce
Micro Finance
Mobile Technology
EMEA
APAC
Mobile Payments
Mobile Banking
Mobile Marketing
Global
Americas
Company
(*)
 

MOST POPULAR

HEADLINES

1.Mobile payment startup Square plans sale as losses widen: Report
2.Square acquisition rumours raising questions about mobile payment
3.The Mobile Commerce Roadmap: MasterCard Takes Initiative
4.How Africa Beat the West at Reinventing Money for the Mobile Age
5.Blue Rocket Announces The Next Wave of Mobile Payment Technology
6.Is Square Mobile Payments in Trouble?
7.Canadian Startup Tab Launches Elegant Mobile Payments Solution It
8.6 Mobile Marketing Must-Have’s
9.Mobile wallet marketplace in China adds another key player
10.Get ready for digital signatures

FEATURED COMPANIES

MOST POPULAR

BLOGS


 
 

Mobile Financial News from around the web

 
 
 

Inside the DonRiver Network