Vodafone India will allow its 8.4 million-plus Vodafone M-Pesa customers to withdraw cash through their digital wallets from any of its over 120,000 outlets across the country, the company said on Wednesday.
“Vodafone M-Pesa customers do not need to stand in long queues outside ATMs and bank branches for cash. We have invested in building a nationwide network of over 120,000 M-Pesa outlets, equivalent to the numbers of bank branches in the country,” said Suresh Sethi, Business Head, Vodafone M-Pesa, in a statement.
Over 56 percent of these outlets are located in rural India.
“Our customers can visit any of these outlets and use the unique cash-out feature of Vodafone M-Pesa to withdraw cash from their digital wallets at their own convenience. Further, our digital wallet too can be easily digitally loaded via credit/debit cards or net banking,” he added.
Customers need to carry an identity proof to their nearest M-Pesa outlet from where they can withdraw money, subject to availability, in line with the Reserve Bank of India guidelines, the statement added.