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

guest
5 Comments
newest
oldest
Inline Feedbacks
View all comments

Recent Posts

Vivo OriginOS Announced, Will Replace FuntouchOS, All to Know

Vivo has finally announced its new operating system (OS) called OriginOS. The Chinese smartphone maker currently rolls out its devices...

Vodafone Idea Offers 56 Days Validity and 4GB Data With Rs 269 Prepaid Plan

Vodafone Idea or Vi has the habit of providing long validity prepaid plans on a budget. Before the tariff hike...

OnePlus Confirms the Nord N100 Features a 90Hz Display

OnePlus released a couple of budget-friendly smartphones recently in western markets and they are the Nord N10 5G and the...