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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