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Tag: M-Pesa

  • Vodafone India introduces cash out for M-Pesa

    Vodafone India introduces cash out for M-Pesa

    Vodafone India has introduced the ability for users of its M-Pesa digital wallet service to withdraw cash at any of over 120,000 Vodafone M-Pesa outlets nationwide.

    The company said its network of M-Pesa outlets is roughly equivalent to the number of bank branches in India. Over half (56%) of the outlets are located in rural India.

    Customers will need to provide proof of identity to withdraw cash at a branch. Withdrawals will be subject to availability and Reserve Bank of India guidelines.

    “Our customers can visit any of these outlets and use the unique cash out feature of Vodafone M-Pesa to withdraw cash from their digital wallet at their convenience,” Vodafone M-Pesa business head Suresh Sethi said.

    Vodafone’s M-Pesa service is available to both Vodafone and non-Vodafone customers, supports recharges using credit or debit cards via mobile or fixed broadband, and can be used to shop online or pay bills, send funds to family or friends and now withdraw cash.

    The operator has attracted over 8.4 million Vodafone M-Pesa customers since the service’s launch in India in 2011.

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  • Vodafone’s M-Pesa surpasses 25m active users

    Vodafone’s M-Pesa surpasses 25m active users

    Vodafone has announced that its M-Pesa mobile money service now has more than 25 million active customers.

    Across the M-Pesa footprint in Africa, Asia and Europe, active M-Pesa customers increased by 27.1% to 25.4 million for the 12 months ending in March.

    Vodafone offers M-Pesa in 11 countries, having most recently launched in Albania and Ghana. The service debuted in 2007 in Kenya and Tanzania.

    M-Pesa is also available in India, South Africa, Afghanistan, Mozambique, Lethoso, the Democratic Republic of Congo and Romania.

    In India, Vodafone recently launched an M-Pesa smartphone app to allow customers to pay for goods on Ebay, as well as taxi fares and train tickets on India’s national railways.

    Over the past 12 months Vodafone has entered a series of deals with partners to allow for cross-border and cross-service transactions using M-Pesa.

    These include global agreements with the international money transfer hubs TransferTo and MFS, as well as an arrangement to allow direct-money transfer between M-Pesa and users of MTN Mobile Money in seven East African countries.

    “I am delighted and proud that M-Pesa has reached the 25 million active customers milestone,” Vodafone group director of mobile money Michael Joseph said.

    “M-Pesa continues to expand, evolving beyond traditional money transfers to encompass savings and loans, payment of salaries and benefits, settlement of utility bills and school fees and to enable vital health and agricultural solutions.”

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