PAYMENT WALLET

PURTI KAUNDERBF15010

What is Mobile Banking• - Mobile Banking is a function of airtel Money that enables subscribers

to perform banking activities with their mobile phones. It will allow you to use your mobile phone to access your bank account and conduct various bank transactions including: Deposit money from airtel Money to Bank airtel Money to Bank transaction is a request to transfer/deposit cash from your mobile wallet to your bank account anytime at your convenience using your mobile phone.

• Withdraw money from Bank to airtel MoneyBank to airtel Money is a request to withdraw money from your bank account to your mobile wallet account using your mobile phone anytime at your convenience.

• Bank Statementairtel Money allows you to view your Bank Statement using your mobile phone anytime at your convenience

• Check Balanceairtel Money allows you to check your Bank account balance using your mobile phone anytime at your convenience

Features of the Airtel money scheme:• It uses a Money transfer software application.• To pay all you need is Airtel Money number of the

shop you need to pay.• You get a transaction id for each payment.• The payments are on a secured network and it

needs a password called as mpin which you enter for every transaction.

• So even if you lose your mobile phone your money is safe as nobody knows your mpin, so make sure you don’t share it with anybody else.

Minimum Criteria to use Airtel Money

• You need to register with valid documents i.e. Photo, Address Proof with Photo ID.

• Minimum recharge is of Rs 100.• You can have zero balance.• A maximum balance of Rs 5000.

How To use airtel money

• Register by filling in the application form and submitting KYC documents (2 photocopies of proof-of-identity, 1 copy of proof-of-address and a passport size photograph).

• After the above, your existing airtel SIM will be upgraded to the new 64K airtel SIM with airtel money

• Activate your airtel money account by choosing your MPIN.• Load cash into your airtel money account by visiting your

nearest airtel retailer• You are now ready to send commands through the airtel

money application on your phone and transact anytime, anywhere!

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Airtel Money

There are about 1 Million downloads of Airtel Money through the play store.

29572 people have given 4.0 rating to Airtel Money

The feedback which i got is positive from more than half the customer.

ABOUT LIMELIME

Axis Bank, the third-largest private sector bank launched ‘LIME’, an application that offers a mobile wallet, payments, shopping and banking facilities.

One can also share the wallet with their loved ones or pool in funds into a shared wallet for a particular purpose (Example: Gifts, vacations, etc.)

Number of installs: 10,000+ While these numbers indicate the growing need for secure, faster and

efficient payment methods for online marketplace, efforts to make payments to individual or brick & mortar stores is also increasing. Start-ups and huge corporates are constantly on the lookout for customer-friendly technology, thereby giving more power to the customer.

Thus, the day you will walk around without a physical wallet and pay your local dhobi and kirana store uncle using a mobile wallet is not so far.

Who all can use Lime ?LIME use is open for Indian citizens above the age of 12 years with an active mobile number. Currently, the application will be supported on Android platforms with version 4.0 and above. Is there need for having Axis bank Account ?No, Lime is available for the existing as well as non-existing customers What all can you do with it ?LIME is a lifestyle app that enables you to do a multitude of things. LIME offers a wider range of things, some of them are recharging your phone, paying bills, shopping and a lot more.

Frequently Asked Questions

Features of Lime Wallet

Bill Payment-Pay Utility Bills for Billers across categories, e.g Mobile,DTH,Electricity,Insurance,Gas,Landline etc.

Recharge- Get instant mobile recharge,DTH recharges with quick and easy steps

Shopping- Ship till your calls drop, there are range of products to choose from and compare.

Load your Lime wallet using Debit card,credit card or net banking for all leading banks.

You can open a Lime digital savings A/c for free-easy sign-up just a few taps and get you’re a/c No. in App.

Feedback & usage

11523 people have given Lime Wallet 3.6 Ratings in Play store

Feedback which I got is very poor for this app.

The users are not happy with this app and have given many complaints for improvement and issues like they have loaded money in Lime but are unable to get back their money

Difference between a payment wallet and a prepaid wallet

• Payment wallets and prepaid wallets serve different purposes. In case of a digital wallet, your money continues to remain in your bank account or credit card. In a prepaid wallet, the money moves from your account to either a merchant’s current account or an escrow account depending on the type of wallet. In both cases there are no additional charges attached to the wallets as of now.

THANK

YOU