Vodafone India to allow digital wallet customers to withdraw cash from outlets

vodafone_indiaVodafone India will allow its 8.4 million-plus Vodafone M-Pesa customers to withdraw cash through their digital wallets from any of its over 120,000 outlets across the country, the company 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,” said Suresh Sethi, Business Head, Vodafone M-Pesa.

“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 wallets at their own convenience. Further, our digital wallet too can be easily digitally loaded via credit/debit cards or net banking,” he added.

Customers need to carry an identity proof to their nearest M-Pesa outlet from where they can withdraw money, subject to availability, in line with the Reserve Bank of India guidelines. Over 56 per cent of these outlets are located in rural India.

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Categories: Mobile Wallet

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