Using their M-Pesa account, customers can deposit and withdraw cash from designated outlets, transfer money to any mobile phone in the country or remit money to any bank account in the country.
The account can also be used for making payments to recharge mobile, clear utility bills, pay DTH service subscription, shop at select shops and participate in e-commerce/m-commerce.
M-Pesa has been rolled out in Delhi, Mumbai, Kolkata, West Bengal, UP East, UP West, Bihar, Jharkhand, Rajasthan, Maharashtra and Goa, and it would be made available across the country in a phased manner.
In recent news, Vodafone, Visa and financial institution Bank of New Zealand (BNZ), a subsidiary of Australian financial services provider National Australia Bank (NAB), have entered an agreement to launch a pre-commercial prepaid payments trial in New Zealand.
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