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Mobile Payments

Vodafone India rolls out M-Paisa service in partnership with HDFC Bank

Monday 28 November 2011 | 10:21 AM CET

Vodafone India has partnered HDFC Bank to roll out its M-paisa mobile banking service in the north-western Indian state of Rajasthan.

Vodafone’s M-Paisa service is set to allow Vodafone clients to carry out banking transactions via their handsets. Under the terms of the partnership with HDFC Bank, selected Vodafone outlets in the region will function as bank branches, allowing clients to deposit money and fund their accounts.

The M-paisa service allows consumers to deposit and withdraw cash, send money to other mobile phones, buy recharge or airtime and also receive money from overseas onto their Vodafone mobile devices.

The Vodafone M-paisa service is available at 2,200 retailers in 320 villages and 54 towns in the state of Rajasthan. Vodafone and HDFC bank have revealed plans to make the service available throughout India in 2012.

More: Link
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