Vodafone Tie Up With ICICI Bank For Financial Inclusion

By January 12th, 2011 AT 1:39 PM

Vodafone, one of the largest Mobile service operator in India, today announced a joint initiative with the ICICI Bank to drive financial inclusion in the country.

Under this tie-up, both entities will offer a bouquet of financial products such as savings accounts, pre-paid instruments and credit products through a mobile phone based platform.

This partnership is expected to bring the un-banked and under-banked population into the organised financial services framework and assist in furthering the electronic payments market in India.

ICICI Bank will leverage the distribution strength of Vodafone, which manages over 1.5 million retail points for acquiring customers and servicing them.

Mr. Marten Pieters, MD & CEO, Vodafone Essar, said “The RBI move to allow for-profit companies to be Business Correspondents is a welcome move that will enable the population better access to financial services. With our reach and ability to connect to customers. We are pleased to work with ICICI Bank, which has always strived to offer innovative products to its customers.”

7
Leave a Reply

avatar
Photo and Image Files
 
 
 
7 Comment threads
0 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
6 Comment authors
parashar kumarsantoshSanjay BafnaPDAmit Deb Biswas Recent comment authors
newest oldest most voted
parashar kumar
parashar kumar

@Santosh
lol

santosh
santosh

ICICI se loan leke pehele apna network improve karwao Odisha mein…………..

Recent Posts

Airtel Broadband Premium Plan Now Bundling 1000GB Additional Data Valid for 6 Months

Airtel Broadband has brought down its offerings to just four plans last month and the company has now revamped the...

Vodafone Rs 299 Prepaid Recharge With 70 Days Validity Introduced

Vodafone has brought a new prepaid recharge of Rs 299 aimed at users who’re looking for a long-validity plan on...

Telecom Gear Maker HFCL Bags Rs 3,329 Crore Worth Order from BSNL to Build Network of Indian Army

Domestic telecom gear maker HFCL on Tuesday said it has bagged Rs 3,329 crore order from state-owned BSNL to build...