Airtel To Offer Money Transfer In India With Western Union, SBI

Entities Mentioned

• State Bank of India
• Western Union
• GSM association
• Airtel
• TiE

1. Money transfer service Western Union has inked a deal with GSM Association (GSMA), to offer its money transfer service via mobile. Initially 35 operators including India's Bharti Airtel will offer the service, which is expected to be launched in the second quarter of 2008. India receives large volumes of remittances from migrants. Interestingly, the denomination of the money transfer is being kept rather low - at upto $100.
   
   
   However, don't get all excited yet - as Western Union CEO and President Christina Gold says here, the GSMA deal is a long term one, and dependent ... (Read Full Article)
   
   

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