India's top mobile operator Bharti Airtel and State Bank of India will together initially invest 1 billion rupees ($22 million) in a joint venture for mobile-based banking, O.P. Bhatt, chairman of the country's top lender, said on Wednesday.
Bharti Airtel said in September it had received a licence from the central bank to launch mobile payment services.
Bharti Airtel had 149.4 million mobile customers in India at end-November, in a market of more than 700 million mobile users. India is the world's fastest-growing and the second-biggest market for mobile connections.
ISO 9001 Certification Services in Chennai Online
ReplyDelete