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Sunday, November 10, 2013

Vodafone, ICICI Bank launch M-Pesa in Maharashtra

Vodafone India and ICICI Bank have launched the unique mobile money transfer and payment service ‘M-Pesa’ in Maharashtra, in an effort to empower the unbanked sections of the society to access financial services through their mobile phones. M-Pesa will combine the strengths of both Vodafone and ICICI Bank to effectively promote the financial inclusion across country. The service will be available across 286 Tehsils, 33 Districts through 4080 specially trained authorized agents and across 387 Vodafone exclusive retail stores in Maharashtra, according to an Economic Times report. The ET report quoted M-Pesa’s Business head, Suresh Sethi as saying that M-Pesa is in line with the government’s plan to bring financial inclusion in the country while complying with all the regulations.

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