wordpress blog stats
Connect with us

Hi, what are you looking for?

Vodafone & ICICI Bank Launch M-Pesa In Delhi, Mumbai & UP (East)

Vodafone M-pesa ICICI

(By Nikhil Pahwa & Vikas SN)

Its looks like Vodafone and ICICI Bank is slowly ramping up the coverage of M-Pesa, their mobile money transfer and payments initiative. The alliance has now extended the service to Delhi-NCR (National Capital Region), Mumbai and Uttar Pradesh (East).

Both Delhi-NCR and Mumbai are important regions for M-Pesa, since it accounts for a significant migrant population, the kind that is being targeted by most telecom operators for money transfer services; the other hub would probably be Bangalore. The service has so far been rolled out in Delhi, Mumbai, Uttar Pradesh (East), Kolkata, West Bengal, Bihar, Jharkhand, and Rajasthan.

In Delhi, M-Pesa will be available via 1,400 authorized agents and across 130 Vodafone exclusive retail outlets, while in Mumbai, the service will be available via 1,400 authorized agents and in Uttar Pradesh (East), it will be available via 5,500 authorized agents, as per a Business Standard report.

It’s worth noting that M-Pesa is bank linked (with ICICI Bank), and will allow consumers to deposit and withdraw cash from outlets, transfer money to any mobile phone in India, and remit money to any bank account in the country. Apart from transferring money, there are consumer payment services as well, allowing mobile account recharges, utility bill payments, and apparently even shopping at select shops.

Advertisement. Scroll to continue reading.

Note that until users are verified and KYC norms complied with, cash withdrawals and money transfer services are not allowed. Vodafone currently has a license for a semi closed wallet from the Reserve Bank of India, through its subsidiary MCSL (Mobile Commerce Solutions Ltd) and the company offers the service through this subsidiary. Having a separate company (MCSL) to run the payments business also allows Vodafone to avoid payment of government license fee charges on telecom revenues. Airtel did the same with Airtel Money, for which they also got a prepaid payments license through its subsidiary Airtel M Commerce Services Ltd (AMSL).

M-Pesa Integration with Vodafone Mobile Billing API?

Remember that Vodafone was planning to launch a platform which was expected to allow service providers and application developers to integrate with Vodafone’s payment mechanism, opening up the billing API. Jonathan Bill, the then Head (Business Development and Innovation), Vodafone India, had said that the platform will integrate M-Pesa payments. The current status of this platform is not clear at present.

Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.


The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.


In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...


By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...


By Stella Joseph, Prakhil Mishra, and Yash Desai The Government of India circulated proposed amendments to the Consumer Protection (E-Commerce) Rules, 2020 (“E-Commerce Rules”) which...

You May Also Like


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ