Vodafone India Launched a mobile money transfer and payment service, called 'm-pesa', in India in partnership with ICICI Bank.
With this Service Customers can not only be able to deposit and withdraw cash from selected outlets but they can also transfer money to any mobile phone in India. This money can be used to purchase mobile recharge, recharge of DTH services and utility bill payments and also to transfer money to any bank account in India and also to make payments at select shops.
Vodafone will be offering its customers a mobile money account with ICICI Bank and a mobile wallet issued by MCSL (Mobile Commerce Solutions Ltd), via this service.
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