Airtel, the most successful and widely popular telecom company launched India’s first wallet service as a telecom operator known as Airtel money. Airtel money is a mobile service company from Airtel that allows you to use your smart phone as an electronic wallet. This is aimed at offering customers with an efficient alternative to cash transactions. Airtel money provides people across the country an adept and convenient way of making payments through ubiquitous mobile platforms.
The mobile phone is fast emerging as a device that enables our lives in multiple ways. Airtel has taken this a step further and launches Airtel money as first-of-its’s-kind services from telecom operator which transform Smartphone’s into a secure and convenient wallet.
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You can register and operate it without a bank account. Moreover, bank prescribes to keep minimum balance in the account which can go up to Rs, 10,000. However, with Airtel money you do not have to worry about minimum balance. Airtel money is prefect option for those who do not have bank account, who do not use internet banking, who do not posses any credit or debit card and those who do not use online card payment.
Internet is not required for Airtel money payment: Airtel virtual wallet is used as money transfer software application in which you can load money and then use it for host of services. Airtel money works on USSD technology. In this technology you can communicate with the service provider computer which is similar to online chatting. Thus, you do have to choose the option step by step. You can easily do it without any internet connection. However, if you have mobile data, you can download the app and transact quickly.
Airtel money gives you interest: This is one of the most alluring features of Airtel money. Your money does not lie idle in Airtel money account. The Airtel virtual wallet provides you interest at the rate of 4% per annum. This is the minimum interest rate for savings account. Besides, making your life easier and convenient you also earn
Among the most recently added features is the option to pay for goods and services using your mobile device. The feature was first available in 2011 with Google Wallet; however, it failed to gain traction in the market. Its many points of failure included the mobile service carriers who sell the devices. One major problem was that it was yet another piece of the very complex string of players involved in payment processing. All of those players had at least some cause to block the service.
As we progress deeper into the digital era, we rely more and more on our electronic devices. Over the last decade, almost everyone who lives in a developed nation owns a cellphone and they are becoming an integral part of our life.
Using technology makes everything easier. Recently, most companies depend on technology to provide many services for consumers. Banks are one of the sectors that relied on technology dramatically in order to provide better services to their customers. Chase Bank and Bank of America are two of the biggest banks in the US. Although each bank has made its own commercial regarding to using the application vie smartphones, there is a great similarity between them in terms of people, the style and the main idea.
Telecommunications gained mainstream attention in the early 90’s; however the initial key market was business men and women, who used their phones whilst being on the move and so allowing them to communicate with their companies with ease. Though in the modern era, telecommunication went through segmentation in the market trends, and now in this day and age it would be difficult to find someone who does not own some form of mobile technology. Many phone providers battle to provide the best service for their customers (Figure 1).
I pay my balance in full at the end of every month and benefit from the different cash back rewards programs offered by the banks. My paycheck and even financial aid money is deposited to my bank account electronically. Using the mobile apps to look and manage your money on the go makes it really convenient. Although most of my transactions are done online I still do keep some money at home and in my wallet. There are always places that I go to that do not take credits cards.
"While practically everybody today is a potential mobile phone customer, everybody is simultaneously different in terms of usage, needs, lifestyles, and individual preferences," explains Nokia's Media Relations Manager, Keith Nowak. Understanding those differences requires that Nokia conduct ongoing research among different consumer groups throughout the world. The approach is reflected in the company's business strategy:
This report is mainly based on the case study Emerging Nokia, using the frameworks and concepts we have learned to analyze the case. This report is divided into 5 parts, first is the summary of the case, the second part is about the competition Nokia faced, the third part is the factors that contributed to the success of Nokia, then the challenges Nokia may face in China and the recommendations to them and the last part is the conclusion of the report.
Since the invention of the cell phones, in 1973, it has quickly become the most popular device used especially today during the twenty-first century. Due to its hands-free-easy-to-use design, the amount of people that own a cell phone is rapidly increasing. The useful text messaging feature has proved to be extremely useful in current times. Along with these helpful features, the cell phone is easily accessible and more portable. The majority of phone companies offer a 3G or 4G data plan, meaning internet access can be found on your phone almost anywhere, at any time. In addition to its easy portability, the cell phone is a very useful and helpful device, allowing one to stay connected to the outer world. “With a smartphone, you can connect to the Web from virtually anywhere. You ...
It is created by a process in which user can send & receive bitcoins using “Wallet” software on a personal computer, mobile device or any web application.
In today’s world the vast majority of the population owns a cell phone. Cell phones are a huge part of people’s everyday lives. Since the 1940’s when mobile phones became available for automobiles, phone companies have made huge strides in making mobile phones more efficient, much smaller, and more available for anyone to use. There was a time where only people of wealth had these types of mobile phones. Now people from all social classes own a cell phone. They are extremely convenient and have the ability to do just about anything you can think of. There is an “app” for everything. You can make phone calls, text message, surf the web, pay your bills, read books, catch up on social media, and even listen to you music all from one small handheld device. Cell phones play a huge role in today’s economy. Businesses such as AT&T, Verizon, and Sprint have become huge public corporations with large stakes in the stock market. Between these companies among several other phone companies they have created millions of jobs and opportunities. Cell phone companies have now created what are known as “smart phones”. These phones are typically slim and sleek and have countless versatile abilities. However, cell phones have not always been so “smart” or small for that matter.
frequency carrier while the user is moving within a telephone service area. In addition to telephony, modern mobile phones support a variety of other services, such as text messaging, email, Internet access, short-range wireless communications, business applications, gaming, and photography. Cell Phones which offer these and more general computing capabilities are referred to as smartphones. Cell Phones are now a way of life in the generation we live in and call home today, and cell phones have changed and benefited our world. By means of texting , making calls, gaming applications, saving people’s lives , helping people while
Money in a traditional sense no longer exists. Money is becoming much of a concept than a physical material, and most ordinary bitter have not see the reality of the switch. People today are using credit and debit cards on a regular basis and in everyday situations such as meal purchased at fast food, highway tolls, clothing, groceries, gas stations, etc. all of these means of systems could be regarded as a cashless society or world. The question we might ask ourselves is what is a cashless society? What are the implications of living in a cashless world?
Bharti Airtel Limited Bharti, based in Delhi, India is a family owned telecommunication business, founded by Sunil Mittal in 1995. Mittal saw an opportunity for his business in the Indian telecom market, allowing companies to bid for a government license to operate the first private mobile telecom service in Delhi. Bharti won the bid and became the first private provider in Delhi. In 1998, they were the first to make a profit from their services in India. As Bharti continued to grow, they began gaining licenses for mobile telecom operations in 15 out of 23 geographical regions also called circles.
A cashless society will further improve the globalisation that characterise our present time. The computerised systems can be used to decrease the quantity of paper trail therefore substituting paper cash with cashless credits or electronic money transfers. However, in a cashless economy, this will change with certain crimes almost eradicated. It will also be faster to generate electronic payments than cash as Near Field Communications (NFC) chips make their way into more payments cards and mobile handsets as well providing protection not applicable to purchases made using cash. This technology is simple with low power wireless link evolved from radio-frequency identification (RFID) tech that can transfer small amounts of data between two devices identifying us and our bank account to a computer. Another benefit of drawing nearer to a cashless society is that other companies are providing pioneering cash-free solutions to the payment related problems we come across. For example, WisePay, a provider of e-payments services, is deploying technologies that ensure parents no longer have to worry about sending their children to school with cash to pay for meals, excursions and other fees that will eliminate the likelihood of being caught short for cash or children misplacing money. The Government also has valuable explanations why they may deem to turn away from cash. Due the main factor of printing and distributing cash, not to mention ensuring the economy is free from forgeries which are all costly endeavours estimating that the cost to society of using cash is between 0.5 and 1.5% of GDP annually. In addition, there are many technological innovations that propose there is a real enthusiasm for an alternative to cash with the upsurge...
Mauritius Telecom (MT) Ltd is the leading telecommunications operator and service provider in Mauritius. Incorporated in 1988 as Mauritius Telecommunication Services, it acquired the assets of Overseas Telecommunications Services in 1992 and was renamed Mauritius Telecom. It has since enjoyed a phenomenal rate of development and it is now one of the top companies in the country.