Vodafone in cooperation with ICICI Bank launched mobile wallet ‘m-pesa’ in Madhya Pradesh and Chhattisgarh here on Thursday.
While talking to media persons on the occasion, Business Head of MP&CG Vodafone, Ashish Chandra said that majority of rural area lack formal finance services and dwell beyond the reach of traditional banking channels, this service is meant to cater their needs of financial transactions. It is safe, secure and convenient service to transfer money.
Students pursuing education in educational hubs of the State, migrant labours working in the industrial hubs of the State and farmers would be category which would be using the facility at its most due to its easy nature of transaction, he added.
For increasing the easy access around 1968 especially trained authorised agents including 211 Vodafone exclusive stores would be handling the product, he added. Chandra informed that the services available on mobile phone include 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, deposit Money and Earn interest, participate in e-commerce/m-commerce are the services which could be availed through ‘m-pesa’.