Posts Tagged ‘ India ’

Airtel Money – Mobile Payment Service launched – Great Thought

 

Airtel has launched it’s mobile payment service under the Airtel Money banner. The service is initially available in Gurgaon. This is the first time a Mobile Operator has launched such a similar in India.Airtel already inked tieups with several merchants in Gurgaon including coffee shops, restaurants etc. to accept payments. The service will gradually be scaled to over 3,000 merchants in the city.“The mobile phone is fast emerging as a device that enables our lives in more than many ways. Taking this a step further, we are proud to launch airtel money as a first-of-its-kind  service from a telecom operator, that transforms the mobile phone into a secure and convenient wallet which customers can use to load money and use it for shopping and making payments. We see a huge potential for mCommerce services in India and are confident that the launch of airtel money will facilitate a paradigm shift in the way consumers transact” said Mr. Atul Bindal, President – Mobile Services, Bharti airtel

This is how you can start using the Airtel Money Service

  • 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!

 

 

airtel money has been launched in Gurgaon first and will soon be launched in Delhi NCR and several other key cities in India. To know more about the service customers can dial 12121 (toll free) and  non-airtel mobile customers can dial 8800012121

2011
02/01
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[Update] RBI Limits use of PayPal for Indians – New Guidelines for Indian Users

New Update here

Previous info : paypal-changes-limits-for-indian-users-after-rbi-guidelines

Here is New info :

RBI Limits use of PayPal for Indians

PayPal recently gave a blow to all the internet marketers, bloggers and web designers based in India. For everyone who uses PayPal as a payment option for their services must know that ‘PayPal is Almost Gone’.

Their new terms and services are in compliance with the rules and regulations imposed by RBI (Reserve Bank of India) that monitors all the accounts of cash flowing in and out of the country.

Some people might be blaming PayPal for this and some might be releasing their anger and frustration on RBI but who’s the actual culprit, let’s dig into little facts and details and get a clear picture of what we are dealing with at the moment.

The RBI & PayPal Connection

paypal-india

Some people after reading about this issue might wonder, “What does RBI has to do with PayPal, they are not even related”. But that is not how it is.

Paypal is an e-currency website, it lets people to send and received money across the globe, and it is similar to sending money via bank wire transfers across countries.

Now, have you sent any money or received money from another country? Did you pay taxes to Indian Government? Sure you did. With PayPal many people evade taxes and that is what is pinching Indian Govt.

You might not be getting enough on PayPal yearly but many internet marketers, affiliate marketers and bloggers are earning more than $1000/month that computes to $12000/month 20% of which must be paid in taxes according to the latest IT slabs for Indian Men.

Since PayPal earning can’t be monitored by RBI, they have forced PayPal to limit transaction to <$500 per transaction and send all the money within PayPal to bank accounts within 7 days.

What can be done?

See if PayPal doesn’t comply with terms and conditions of Reserve Bank of India, they will be banned and you would lose the remaining 70% of your earning. It is quite important that you pay your taxes, it for country’s benefits.

I know it stings a little bit to give away your hard-earned cash but that is the way it is.

From now on you can’t shop online using Paypal and would have to pay extra money in currency conversion as you dollar amount would be transferred to your bank account in Rupee format.

I know it would limit the amount of online business, it would create fear in newbie marketers but that is the way RBI wants cash flow in our country.

What do you think about the RBI intrusion in the lives of Indian Online Business People?

 

Thanks TBU

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2011
02/01
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A. R. Rahman wins 16th Critics’ Choice award

Music maestro A R Rahman bagged the Best Original Song trophy at the 16th Critics’ Choice Awards for his number If I Rise in Danny Boyle’s film 127 Hours. Written by Rollo Armstrong and American artiste Dido, the song was performed by Rahman and Dido, which is also expected to get

 

Rahman his second Golden Globe this year.

Boyle, who went on to score eight Oscars with his last film Slumdog Millionaire, collaborated with Rahman again for 127 Hours, a biopic on the life of mountain climber Aron Ralston.

Rahman, however, lost the best score trophy to Trent Reznor and Atticus Ross for their film The Social Network. The movie on the life of Facebook founder also bagged top honours including best film, best director and best adapted screenplay.

The awards, presented by the Broadcast Film Critics Association, are considered a strong indicator for the Oscar awards. Most of the Critics’ Choice Awards winners do well at the Oscars.

British actor Colin Firth was named the best actor for his role as a stuttering king in The King’s Speech while Natalie Portman’s turn as a disturbed ballerina in Black Swan won her the best actress trophy.

Christian Bale was named the best supporting actor for his role in real-life drama The Fighter, which also saw Melissa Leo winning the best supporting actress nod.

Leonardo DiCaprio starrer Inception led all films with six awards total but most of them were for technical achievement.

Thanks to HT

2011
01/15
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