05:36 pm - Friday 28 April 2017

Vodafone to roll out M-Pesa in Punjab

By insightVAS - Thu Jan 30, 1:18 pm

Vodafone India has announced that the company will roll out mobile money transfer facility ‘M-Pesa’ in collaboration with ICICI Bank in Punjab as part its plans to deepen its footprint pan India.

This service allows customers to transfer money to any mobile phone, remit money to any bank account, make utility payments, recharge of mobile, DTH payment and earn interest on deposits. To avail the facility subscribers will first have to deposit Rs 200 as registration fee and he will be charged Rs 10 per transaction for payment of utility bills.

The company is aiming to tap education hubs, famous industrial clusters and defence personnel located across Chandigarh, Ludhiana, Jalandhar, Bathinda, Pathankot and Amritsar with the launch of its mobile money transfer and payment service. This service will be beneficial for students studying in different colleges in the state.

“M-Pesa is a safe, secure and convenient service to tranfer money and make payments beyond the reach of traditional banking channels. For households where the earning members migrate to larger cities for earning livelihood, it will be the best way to send money back home to their families,” said Vodafone India, Business Head (Punjab, HP, J&K) Asit Shekhar  Shekhar.

M-Pesa offers millions of people including unbankes and underserviced sections of society, basis financial services. Today, less than 5 per cent of villages in India have a banking outlet.

This service will be available across 24 tehsils, 13 districts through 1,042 authorised agents including 44 Vodafone exclusive outlets in Punjab.

“Financial inclusion is national priority. We believe that with M-Pesa we now have the ideal offering to facilitate the same across the country,” said Vodafone, Business Head M-Pesa Suresh Sethi said.

Vodafone has already rolled out M-Pesa in Delhi, Mumbai, Kolkata, West Bengal, UP East, UP West, Bihar, Jharkhand, Rajasthan, Gujarat, Maharashtra, Goa, Assam, North East and Haryana.

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