Airtel Money is a mobile commerce service, alternatively you can call mobile payments service. I do not know any other mobile commerce service in India. Airtel Money converts your mobile in to a wallet. You can replace your wallet with the mobile phone as computer is replaced by mobile phones.
Airtel-Money is available only on Airtel SIM cards. You need airtel money on your mobile, then you need cash in your airtel money account then you can use it. Airtel money is launched in 300 cities of India. You can pay instant money or transfer instant money using airtel money.
There are two type accounts; Express account and Power account. Express account is basic account that can used to purchase travel tickets, utility will payments as mobile recharge, digital TV bill, electricity bill, water and gas bill etc.
With a power account you can do all the things that you do with Express account but other features are also included as movies ticket booking and shopping at restaurant, spas, online shopping, insurance premium, donation etc. You can send money to another Airtel money user with the power account that is not allowed in express account.
If you airtel payment as mobile recharge, internet connection or DTH, non-airtel utility bill payments are charged Rs. 10. For travel ticket booking 1% is charged and maximum Rs. 50, movie ticket booking is free in starting.
If you transfer to another airtel money user you will be charged Rs. 5 up to Rs. 500 and Rs. 10 above 500. If you send money to bank account you will be charged 2% or minimum Rs. 10.
There is no minimum balance need. You can fill cash to your airtel money account using net banking on Airtel money website or on Airtel money recharge outlet.
Users do not need any special kind of phone or any application download.
For more information visit Airtel Money website airtelmoney.in