NewsVoir | 24 Nov, 2016
Vodafone India, committed to supporting the Governmentâs bold step to accelerate Indiaâs progress into a less cash economy, today announced a unique cash out facility for its 8.4 million plus Vodafone M-Pesa customers who can withdraw cash using their digital wallet from any of the over 1,20,000 Vodafone M-Pesa outlets across the country, subject to availability.
Announcing this, Suresh Sethi, Business Head, Vodafone M-Pesa, said: âVodafone M-Pesa customers do not need to stand in long queues outside ATMs and bank branches for cash. We have invested in building a nationwide network of over 1,20,000 M-Pesa outlets, equivalent to the numbers of bank branches in the country. Over 56% of these outlets are located in the rural India, enabling last mile disbursement in the hinterland. Our customers can visit any of these outlets and use the unique cash out feature of Vodafone M-Pesa to withdraw cash from their digital wallet at their convenience. Further, the Vodafone M-Pesa digital wallet too can be easily digitally loaded via credit or debit card or net banking. Additionally, the Vodafone M-Pesa wallet can also be used to shop online, pay bills and remit money to family and friends. Such comprehensive features, a nationwide distribution and service network and the unique cash out facility make Vodafone M-Pesa the ideal digital wallet for masses.â
To avail the cash withdrawal facility, customers need to carry an identity proof to their nearest Vodafone M-Pesa outlet from where they can withdraw money, subject to availability, in line with RBI guidelines.
As Indiaâs largest banking correspondent, Vodafone M-Pesa leverages the reach of mobile technology, effectively bringing the bank to the mobile. In addition to enabling financial inclusion and offering the convenience of a digital wallet for easy transactions, its unique cash out feature makes it the ideal for all users, enabling them to digitise cash, remit it to family and friends, pay bills and/or withdraw it at their convenience.
To start using Vodafone M-Pesa, customers just need to download the Vodafone M-Pesa App. The App welcomes all M-Pesa users ((both Vodafone and non-Vodafone customers), intuitively and prompts existing users to Login and new users to register for M-Pesa. With the âM-Pesa Appâ, consumers can very conveniently recharge their mobile & DTH, pay their Post-paid, Electricity, Gas and Landline bills from their mobile with a click of few buttons. As a special gesture, the customers can load their wallets using, debit cards, credit cards and net banking free of cost.
About Vodafone India
Vodafone India is a 100% fully owned subsidiary of the Vodafone Group Plc. with operations across the country serving over 200 million customers (over 106 million in rural areas). Commencing operations in 2007, Vodafone is today a robust, award winning business and committed for the long term. Vodafone Business Services serves the needs of enterprises and government by providing total telecommunications (Voice and Data) solutions across mobility and wireline platforms. Our mobile wallet, M-Pesa is a unique and innovative money transfer service from Vodafone that fosters financial inclusion.
Committed to optimizing the near ubiquitous reach of mobile telephony to address national developmental priorities, the Vodafone Foundation partners is actively engaged in community development initiatives especially in the domains of m-Women, m-Agriculture, m-Education and Disaster Relief. Building on its global experience and expertise, an outreach across India and offering a comprehensive portfolio of technologies- 2G, 3G & 4G, Vodafone is uniquely positioned to actualize the vision of Digital India.
Globally, Vodafone is one of the worldâs largest telecommunications companies and provides a range of services including voice, messaging, data and fixed communications. Vodafone has mobile operations in 26 countries, partners with mobile networks in 52 more, and has fixed broadband operations in 17 markets. As of 30 September 2016, Vodafone had 470 million mobile customers and 14 million fixed broadband customers.
For more information, please visit: www.vodafone.com.
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