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Vodafone M-pesa ties up with Walmart India for cash management

Vodafone India's mobile payments service M-Pesa has entered into a cash management deal with Walmart India, enabling the business members of six Best Price Modern Wholesale stores (owned and operated by Walmart India) to make mobile payments. Under the deal, Walmart's Best Price store members can place an order with the company and an M-Pesa authorized agent will reach out to them and load cash into their M-Pesa account. This will allow the members to make payments from their phones for the goods ordered from Walmart’s Best Price Cash & Carry store. After receiving a confirmation message, Walmart India will immediately dispatch goods to the member. As a part of this partnership, Vodafone claims that M-Pesa will enable transactions for all Walmart members in Lucknow, Amravati, Aurangabad, Hyderabad, Rajahmundry, Vijayawada and Guntur to make faster payments. M-pesa transactions and users For the quarter ended December 31, 2014, M-pesa reported 78,000…

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