Bharti Airtel is all set to revolutionize the Indian telecom market by launching mobile money transfer services in India. Airtel will be the first operator in the country to offer such services.
The company will launch certain value added services which will allow its prepaid and postpaid users to link their credit card, debit card or bank accounts to their mobile connections. Also an extension of these M-commerce applications will allow customers to pay their utility bills and also make payments for their railway tickets and hotel rooms via their handsets.
Bharti is also working with IBM to create applications like the “mobile wallet” that will turn your mobile handset into a credit card. So the user can do all those things with the handset that one can do with credit cards.
Source: Economic Times