I am a big sucker for great ads. So when i saw the ad for airtel money, where the girl spots this god-awesome bag but doesn't have the cash for it, i really felt for her. And felt that she should get the money for the bag. And when her mum dearest said, tathasthu! for her bag wish and sent her money thru phone, i was smiling along with the mother-daughter.
Got me to do some digging up on Airtel Money. So how does it work?
1. Mom has an airtel money account. Daughter has an airtel money account.
2. Mom loads cash into her account either by physically depositing money at an airtel office or transfer thru net banking.
3. Mom needs a power account to send money (Rs.50 subscription). She pays Rs. 5 per transaction below 500 and 10 for transactions above 500. (The bag certainly isn't coming for 500!!)
4. Daughter receives the money.
5. Daughter prays real hard that the store accepts the airtel money. If she is in luck, then he would. She would have to transfer money to his account by payment. And in case she sends it to the wrong ID, airtel does not hold itself responsible. If the merchant did not receive the money, then she would have to contact airtel customer care with transaction ID.
And yes, its a given that this would mean that all parties involved in the transactions have airtel accounts!
Now a simple question, why would anybody go thru this hassle in the age of debit and credit cards?! And if the mom is as tech-savvy, then she can as well use mobile banking and transfer money instantly to her daughter's account.
Same case with money transfer. When i can fund transfer directly to another account, free of charge, why would i do it to my airtel phone, so as to later transfer it again, at a charge to someone else's money account?
They let you book movie tickets using their money service, but you cannot pick your seats. Riders, charges and conditions are there with almost every transaction. While their tagline says, it's not just about the money, they are charging money for everything ;)
I really did not understand airtel ka funda behind launching this service. I'd rather swipe my credit card free of cost and also accrue points for my purchase. Can you think of anyway in which airtel money would be advantageous and convenient?
Got me to do some digging up on Airtel Money. So how does it work?
1. Mom has an airtel money account. Daughter has an airtel money account.
2. Mom loads cash into her account either by physically depositing money at an airtel office or transfer thru net banking.
3. Mom needs a power account to send money (Rs.50 subscription). She pays Rs. 5 per transaction below 500 and 10 for transactions above 500. (The bag certainly isn't coming for 500!!)
4. Daughter receives the money.
5. Daughter prays real hard that the store accepts the airtel money. If she is in luck, then he would. She would have to transfer money to his account by payment. And in case she sends it to the wrong ID, airtel does not hold itself responsible. If the merchant did not receive the money, then she would have to contact airtel customer care with transaction ID.
And yes, its a given that this would mean that all parties involved in the transactions have airtel accounts!
Now a simple question, why would anybody go thru this hassle in the age of debit and credit cards?! And if the mom is as tech-savvy, then she can as well use mobile banking and transfer money instantly to her daughter's account.
Same case with money transfer. When i can fund transfer directly to another account, free of charge, why would i do it to my airtel phone, so as to later transfer it again, at a charge to someone else's money account?
They let you book movie tickets using their money service, but you cannot pick your seats. Riders, charges and conditions are there with almost every transaction. While their tagline says, it's not just about the money, they are charging money for everything ;)
I really did not understand airtel ka funda behind launching this service. I'd rather swipe my credit card free of cost and also accrue points for my purchase. Can you think of anyway in which airtel money would be advantageous and convenient?
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