Vodafone India, Thursday, announced a new cash withdrawal facility to its M-Pesa digital wallet to allow over 8.4 million plus Vodafone M-Pesa customers to withdraw cash from any of the 120,000+ outlets across the country.
The new service is introduced to let Vodafone users have another option to withdraw money directly without standing in lines at the bank after the recently mandated demonetization ruling by the goverment of India.
Vodafone has also specifically said that even non-Vodafone users can join this service and register for it. The app is available on Google Play Store and Apple App Store for everyone.
“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 percent 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,” said Business Head, Vodafone M-Pesa, Suresh Sethi.
“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,” he added.