Vodafone India
through its 100 percent subsidiary Mobile Commerce Solutions Telecom ruler
Vodafone India
today has joined hands with ICICI Bank to deal with a mobile money transfer and
payment service.
ICICI Bank have decide to start and launch mobile payment
services this year, under the brand name 'm-pesa'.
The involvement will comprise a mobile money account with
ICICI Bank and a Mobile Wallet issued by MCSL," the companies said in a
joint statement.
The service will be launched initially in the eastern region
- West Bengal, Bihar and Jharkhand, and then revolve
in elsewhere in phases. The facility will offer cash deposit and withdrawal
from designated outlets, money transfer to any mobile phone in the country,
Mobile payment services including purchase of mobile recharge,
recharge of DTH services and utility bill payments, money transfer to any bank
account in the country and payments at select shops.
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