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Bharti Airtel partnets with SBI to provide money transfer

February 12, 2007 · Posted in Mobile India, Tech tidbit

Mobile Money Transfer (MMT), launched by GSM India will enable users to send money from anywhere in the world using SMS. Bharti Airtel has launched a pilot program in conjunction with SBI for the same.

Announcing the initiative, Mr Dayanidhi Maran, Minister for IT and Communication said, “The MMT program is a landmark initiative by GSMA to use the mobile phone as a device to reach increasingly greater economic and social benefits to the growing community of mobile users. The MMT programme is focused on catering to the needs of the large expatriate community of people from developing countries who live and work away from their homes and families and regularly remit money back to their families and loved ones.”

via The Hindu