[caption id="attachment_128686" align="aligncenter" width="550" class=" "] By Raidarmax (Own work) [CC BY-SA 3.0], via Wikimedia Commons[/caption]Update: On the concall, company CFO Nick Reid said about the Payments Bank license application: "We (currently) have a semi closed system, where we can pay money in, but not do a cash out. The agent has to go to the bank to cash out. That is a key constraint. The payments banks license allows us to cash out, and there will be a network effect." Earlier: Vodafone India’s mobile payment service M-Pesa 0.37 million users for the quarter ended September 30, 2014, registering a modest 23% growth from 0.3 million users in the previous quarter. Note that Vodafone has applied for a Payments Bank license with the Reserve Bank of India, along with 40 other companies, including telecom competitors like Airtel*, Idea Cellular and Reliance Industries. The Reserve Bank of…
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