04:46 pm - Saturday 29 April 2017

Vodafone intros ‘M-Pesa’ in Haryana with ICICI Bank

By insightVAS - Thu Jan 16, 5:48 pm

Vodafone India and ICICI Bank on Wednesday launched ‘M-Pesa’ – a mobile money transfer and payment service in Haryana. The service was formally launched by senior officials from Vodafone India viz. Rajiv Kohli, Operations Director – North, Tejinder Khurana, Business Head – Haryana and Suresh Sethi, Business Head –M-Pesa. 

This service will now be available across 62 Tehsils, 21 Districts through 1073 specially trained authorized agents and across 110 Vodafone exclusive retail mini stores in Haryana.

‘M-Pesa’ empowers the unbanked and under-banked sections of the population gain access to financial services via the mobile phone. ‘M-Pesa’ effectively leverages the combined strengths of Vodafone’s global expertise in the domain of mobile payments and significant distribution reach in India plus the security of financial transactions provided by ICICI Bank.

The innovative use of mobile technology makes it possible for customers to enjoy a fast, simple and secure way to transfer money and make payments. Using their ‘M-Pesa’ account, customers can at their convenience:

Deposit and withdraw cash from designated outlets

Transfer money to any mobile phone in India

Remit money to any bank account in India

Make payments to recharge mobile, clear utility bills and for DTH service subscription

Shop at select shops

Participate in e-commerce/m-commerce. 

Tejinder Khurana, Business Head – Haryana, Vodafone India said, ”M-Pesa’, is a safe, secure and convenient service to transfer money and make payments beyond the reach of traditional banking channels. For households where the earning members migrate to larger cities for earning livelihood, ‘M-Pesa’ will be the best way to send money back home to their families.”

Added Suresh Sethi, Business Head – M-Pesa, Vodafone India, “Vodafone is the world’s largest and leading provider of mobile payment services through ‘M-Pesa’, which offers millions of people including the unbanked and underserviced sections of society, basic financial services. Today, less than 5 percent of villages in India have a banking outlet. Financial inclusion is a national priority and we believe that with ‘M-Pesa’, we now have the ideal offering to facilitate the same across the country in compliance with all applicable regulations.”

Apart from Haryana, ‘M-Pesa’ has been rolled out in Delhi, Mumbai, Kolkata, West Bengal, UP East, UP West, Bihar, Jharkhand, Rajasthan, Gujarat, Maharashtra, Goa, Assam & North East and will be made available across the country in a phased manner.

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