‘M-Pesa’ launched in Odisha

Telecom major, Vodafone India and ICICI Bank announced the launch of mobile commerce initiative called ‘M-Pesa’ service in Odisha.

About M-Pesa service

  • A mobile money transfer and payment service that 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.
  • Empowers the un-banked and under-banked sections of the population gain access to financial services through the mobile phone.
  • This service will now be available across 202 Tehsils, 24 Districts through 1350 specially trained authorized agents including 73 Vodafone exclusive stores in Odisha.

Apart from Odisha, ‘M-Pesa’ has been rolled out in Delhi, Mumbai, West Bengal, Punjab, UP East, UP West, Bihar, Jharkhand, Rajasthan, Gujarat, Maharashtra, Goa, Assam & North East and Haryana. It will be made available across the country in a phased manner.

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Categories: Banking Current Affairs 2017Business & Economy Current Affairs 2017Science and Technology Current Affairs - 2017

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