MUMBAI: Extending its support to the Government’s bold step to accelerate India’s progress into a less cash economy, popular network provider Vodafone India has unveiled a unique 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, “Vodafone M-Pesa customers do not need to stand in long queues outside ATMs and bank branches for cash. 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.”
Vodafone M-Pesa digital wallet can be digitally loaded via credit or debit card or net banking. Additionally, 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.