Airtel money achieves 1.3 million users in third quarter

Mobile service provider Bharti Airtel on Wednesday said Airtel money has achieved 1.3 million active users in the third quarter of fiscal 2014.

1.3 million users – using the Airtel Money platform – conducted 30.5 million transactions during the third quarter. The average value per transaction turned out to be Rs 406.

According to Bharti Airtel, the company undertook initiatives at improving customer experience and usability of Airtel Money, the company’s semi-closed mobile wallet.

Airtel Money tied up with National Payments Corporation of India to offer mobile based 24×7 availability of Money Transfer to customers. The airtel money app was launched for Android and iOS platforms, with more than 45K downloads in the first two months of its launch.

[email protected]