Indian telco Bharti Airtel has combined forces with Axis Bank to offer 'no-frills' savings accounts and remittances to unbanked users of the airtel mobile money platform.
Is it that Airtel is going to operate as a subsidary of Axis bank to provide physical banking services where Axis is not having their bank branches ! It is suggested in the article that Airtel service centres can be used to keep the cash and also withdraw
facilities ! What are the ground rules for this banking operations?
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