After launching its M-Pesa service (Mobile Money Transfer Service) in East India and Rajasthan, Vodafone India in collaboration with ICICI bank has now launched its M-Pesa service in Delhi and NCR region, states Business Line.
The company is also in plans to roll-out the service in Mumbai and Lucknow in next few days.
In Delhi & NCR, the service is available through 1,400 authorized agents and across 130 Vodafone exclusive retail stores in the region.
How to use
To open an M-Pesa account, the customer needs to fill up a form and submit identity and address proofs along-with a deposit of INR 200. After applying for the service, customer gets a mobile wallet issued by MCSL called “MCSL Wallet” and also a Mobile Money Account with ICICI Bank.
With M-pesa account, a customer can make a variety of transactions including cash deposits, transferring money to any bank account, transferring money to any other ‘M-Pesa’ customer, recharge mobiles and DTH connections, and pay mobile and utility bills and more. It also allows them to withdraw cash and send money to any mobile number and make payments while shopping online.
The company charges INR 10 per transaction as convenience fee for payment of utilities
The service was announced last year in November when Vodafone India through its 100% subsidiary, Mobile Commerce Solutions Ltd. had got into alliance with ICICI Bank for M-Pesa.
At the time when M-Pesa service was launched in April this year, the company has estimated to bring basic services to the 700 million-plus people in the country that remain ‘unbanked’ in the country.
Currently, it is available in a number of Indian cities including Kolkata, West Bengal, Bihar, Jharkhand and Rajasthan and is expected to be rolled out across the country in 12-18 months.
M-Pesa was founded in 2007 and has been deployed in eight countries, including Kenya.
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