Thursday, February 7, 2013

Aircel and ICICI Bank launch Mobile Money

By harnessing Aircel’s vast retailer and distribution reach and its expertise In mobile network and customer-care centres, along with ICICI Bank’s strong pedigree in secure retail banking - ‘Mobile Money’ intends to deliver a safe, secure and instant suite of financial services for Aircel customers. Meanwhile Visa, the global payments technology company will deploy its Mobile Managed Service to host and manage the Mobile Money platform.

Geoff King, Head of Mobile Banking, Aircel said, “By partnering with ICICI bank and basing ‘Mobile Money’ on the Visa platform we have joined forces with two companies that have a strong pedigree in financial services, together with a great desire to deliver innovative financial service solutions to better meet the needs of the country’s unbanked. Aircel brings to the partnership not only our mobile network but just as importantly our attention and care in serving millions of customers every day with many millions of small cash transactions through our vast retailer and distributor setup.”
Speaking on the occasion, Rajiv Sabharwal, Executive Director, ICICI Bank said: “ICICI Bank has been leveraging

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