Now, pay for groceries, bills through Airtel

NEW DELHI: Telecom major Bharti Airtel on Monday launched its 'airtel money' service, which will allow its subscribers to pay for groceries, bills and other dues through their mobile phones.

Last year, Bharti airtel was granted the licence to use the “semi-closed wallet” by the Reserve Bank of India, which allows a customer to exchange physical cash for virtual money which can be stored on mobile phone to pay for goods/ services for transaction of value less than Rs 5,000.

“We are proud to launch airtel money as a first-of-its- kind service from a telecom operator, that transforms the mobile phone into a secure and convenient wallet which customers can use to load money and use for shopping and making payments,” Bharti airtel President (Mobile Services ) Atul Bindal said in a statement.