Airtel, Axis Bank tie up to provide mobile banking

Bharti Airtel, through its wholly owned subsidiary Airtel mCommerce Services Ltd, on Wednesday partnered with Axis Bank for extending banking and payment services on mobile platform.

No-frills savings account of Axis Bank will be opened for customers on the Airtel Money platform called ‘airtel money Super Account powered by Axis Bank’ offering customers banking transactions including cash deposit, money transfer and withdrawal.

These accounts will provide convenient, safe and secure savings avenue to financial inclusion customers’ paying them savings account interest and also enabling them to make remittances.

To begin with, savings and remittance solutions will be provided in the top four remittance corridors involving Delhi and Mumbai on the sending side and Bihar and East Uttar Pradesh on the receiving side.

"With Axis Bank’s expertise in banking and Airtel’s distribution network that spans over 1.5 million outlets, this association will play a transformational role in furthering economic empowerment and fast-tracking India’s financial inclusion agenda,”Mr Sanjay Kapoor, Chief Executive Officer – India & South Asia, Bharti Airtel said in a company statement.

ronendrasingh.s@thehindu.co.in