Vodafone Announces M-Pesa Mobile Money Service With ICICI Bank

By November 8th, 2012 AT 4:00 PM

Vodafone India today announced a strategic alliance with ICICI Bank, India’s largest private sector bank for its mobile money transfer and payment service called ‘m-pesa.

Vodafone India through its 100% subsidiary, Mobile Commerce Solutions Ltd and ICICI Bank have finalized plans to launch mobile payment services this year, under the brand name ‘m-pesa’. This offering will comprise a mobile money account with ICICI Bank and a Mobile Wallet – issued by MCSL.

Earlier this service was launched by Vodafone in November 28th, 2011 in association with HDFC bank in Rajasthan circle.

According to Vodafone, the mobile payment service with ICICI bank will be launched initially in the eastern region of the country viz. Kolkata, West Bengal, Bihar and Jharkhand and then will be rolled out to other parts of the country in a phased manner.

This offering will give the Vodafone India’s customer a comprehensive service comprising :

  • Cash deposit and withdrawal from designated outlets
  • Money transfer to any mobile phone in India
  • Range of mobile payment services including purchase of mobile recharge, recharge of DTH services and utility bill payments
  • Money transfer to any bank account in India
  • Payments at select shops

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Kumar NPrasenjitrohitPDKiran Reddy Recent comment authors
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Kumar N
Kumar N

@Kiran Reddy
Not at all this is not copy of airtel money if you think so that means every telecom operator copy Caller tune/Hello tune/Call me tune/Dailer Tune and Data services

Prasenjit
Prasenjit

I think Vodafone ‘ld emerge as the winner and must has the last laugh…Airtel’s pride and swaggering tomfoolery bring this excellent desi company’s nemesis.

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