Source: By PTI | 29 Jan, 2014- Economic Times
CHANDIGARH: Mobile operator Vodafone India today announced to roll out mobile money transfer facility ‘M-Pesa’ in collaboration with ICICI Bank in Punjab as part its plans to deepen its footprint pan India.
The company plans to tap education hubs, famous industrial clusters and defense personnel located across Chandigarh, Ludhiana, Jalandhar, Bathinda, Pathankot and Amritsar with the launch of its mobile money tranfer and payment service.
This service will be beneficial for students studying in different colleges in the state.
Moreover it will also be beneficial for migrants from Bihar who are working in factories at different industrial verticals for sending money to their families, Vodafone India, Business Head (Punjab, HP, J&K) Asit Shekhar said here today.
“M-Pesa is a safe, secure and convenient service to transfer money and make payments beyond the reach of traditional banking channels. For households where the earning members migrate to larger cities for earning livelihood, it will be the best way to send money back home to their families,” said Shekhar said.
This service allows customers to transfer money to any mobile phone, remit money to any bank account, make utility payments, recharge of mobile, DTH payment and earn interest on deposits.
The subscriber will first have to deposit Rs 200 as registration fee and he will be charged Rs 10 per transaction for payment of utility bills.This service will be available across 24 tehsils, 13 districts through 1,042 authorised agents including 44 Vodafone exclusive outlets in Punjab.
“M-Pesa offers millions of people including unbankes and under serviced sections of society, basis financial services. Today, less than 5 per cent of villages in India have a banking outlet.
“Financial inclusion is national priority. We believe that with M-Pesa we now have the ideal offering to facilitate the same across the country,” said Vodafone, Business Head M-Pesa Suresh Sethi said.
Vodafone has already rolled out M-Pesa in Delhi, Mumbai, Kolkata, West Bengal, UP East, UP West, Bihar, Jharkhand, Rajasthan, Gujarat, Maharashtra, Goa, Assam, North East and Haryana.
Recharge Mobile and DTH Online