Vodafone & ICICI Bank launch ‘m-pesa’, a mobile money transfer & payment service in India
The service ‘m-pesa’ comprises of a mobile money account with ICICI bank and a Mobile Wallet which is issued by Mobile Commerce Solutions Ltd (MCSL) which is a 100% subsidiary of Vodafone India.
- Cash deposit and withdrawal from designated outlets
- Money transfer to any mobile phone in India
- Range of mobile payment services including purchase of mobile recharge, recharge of DTH services and utility bill payments
- Money transfer to any bank account in India
- Payments at select shops