Vodafone is giving its helping hand to help its users in a time when getting hands on money has become difficult with huge line welcoming everywhere, the company announced that their 8.4 million plus M-Pesa customers can now withdraw cash from their digital wallet from any of their Vodafone M-Pesa outlets across India which are around 120,000 in number.
If you are one of the Vodafone M-Pesa wallet users, you need to carry an identity proof to your nearest Vodafone M-Pesa outlet from where you will be able to withdraw money depending on the RBI guidelines. This MPesa account not just lets you withdraw cash but also allows the user to digitize cash, remit it to family and friends, pay bills and also withdraw cash from the numerous outlets across the country.
Commenting on the launch, 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. 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.
Additionally, the Vodafone M-Pesa wallet can also be used to shop online, pay bills and remit money to family and friends. Such comprehensive features, a nationwide distribution and service network and the unique cash out facility make Vodafone M-Pesa the ideal digital wallet for masses.
Giving its users respite and supporting the Demonetisation move by the Government this is a great step take by the company and this will help many users to avoid the long ques outside ATM’s and Banks which has become a common scene from November 8th. There are no details about what notes will be given,whether it will be Rs. 2000 or Rs. 500 or Rs. 100 notes in the outlets.