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
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.
users to send money, using computers. The same can be done by means of mobile phones that are support Web.
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).
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.
It is ironical that currency, which was first made by man many thousands of years ago, could get replaced by something which was invented just 3-4 years back and that to an online currency.
Over the last ten years people in the United State and around the world have heavily relied more on their debit or credit cards to process transactions of their purchases. In the old days it used to be when you would get your paycheck on Friday and rush to the bank during your break or lunch in order to cash withdraw your funds or deposit them into your account. It used to be where you carry cash to buy groceries, pay bills, and go shopping. Now some people don’t even set foot inside their bank branch because they are paid using direct deposit or the funds are loaded into a debit card provided by their employer. Many employers from around the globe don’t even issue paper check anymore.
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.
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.
"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:
The use of credit and debit cards today are taking a tour in the sense that electronic cash is becoming more admissible as the world makes a switch towar...
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
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.
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...
Digital money is undeniably convenient; anyone who has used a credit or debit card understands this. However, the era of digital money is only beginning; rapid technological advances will continue to make paper money a remnant of the past. Several innovations are already lessening the burden in your wallet. For instance, the seemingly innocuous mobile phone is actually playing an increasing role in facilitating monetary transactions, especially in Asia. Already, in Japan, large companies such as Coca-Cola have sanctioned vending machines that are not only compatible with common cell phones but also allow consumers to earn credits for using them (Kupetz). In this regard, the United States is strikingly behind the times when compared to other countries. Another new technology in the vein of mobile phones is no-contact cards. These innovative cards do not require a cashier to conduct a transaction; one simply holds a specia...
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 ...