To accelerate India’s progress into a less cash economy Vodafone India has announced a cash out facility for its 8.4 million plus Vodafone M-Pesa customers who can withdraw cash using their digital wallet from any of the over 120,000 Vodafone M-Pesa outlets across the country, subject to availability.
Announcing this, Suresh Sethi, Business Head, Vodafone M-Pesa, said, “We have invested in building a nationwide network of over 120,000 M-Pesa outlets, equivalent to the numbers of bank branches in the country. Over 56% of these outlets are located in the rural India, enabling last mile disbursement in the hinterland. 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.”
Further, the Vodafone M-Pesa digital wallet too can be easily digitally loaded via credit or debit card or net banking. In addition, the Vodafone M-Pesa wallet can also be used to shop online, pay bills and remit money to family and friends.
To avail the cash withdrawal facility, customers need to carry an identity proof to their nearest Vodafone M-Pesa outlet from where they can withdraw money, subject to availability, in line with RBI guidelines.
To start using Vodafone M-Pesa, customers just need to download the Vodafone M-Pesa App. The App welcomes all M-Pesa users ((both Vodafone and non-Vodafone customers), intuitively and prompts existing users to Login and new users to register for M-Pesa. With the ‘M-Pesa App’, consumers can very conveniently recharge their mobile & DTH, pay their Post-paid, Electricity, Gas and Landline bills from their mobile with a click of few buttons. As a special gesture, the customers can load their wallets using, debit cards, credit cards and net banking free of cost.