Airtel, VISA join hands to sell iPhones on installments

Bharti Airtel, one of the two licensed sellers of Apple iPhone, has tied-up with VISA to introduce finance schemes to help consumers buy the high-priced cellphone.

As per the partnership, Airtel would offer financing options for all VISA cardholders of ICICI, HDFC, SBI and Citibank.

The consumers in this scheme will have an easy monthly instalment option with a varying tenure of between three and 12 months.

In India, the iPhone is priced at Rs 31,000 for 8 gb and Rs 36,100 for 16 gb of memory space.

Shares of Bharti Airtel closed down Rs 22.55, or 2.73%, at Rs 804.00. The total volume of shares traded at the BSE was 437,795 (Friday).