Now Withdraw Cash From Your Vodafone M-Pesa Digital Wallet Across 1,20,000 Outlets

by December 8, 2016 0 comments

With exactly a month post-demonetisation, the banking system simply refuses to get its act together. Unending long-queues of people outside bank branches and ATMs are now on verge of entering the Guiness Book of World records for the maximum number of days at a stretch for the cash crunch.

Following others to offer similar facility, Vodafone is offering through its network of 1,20,000 m-pesa outlets across the country the facility to withdraw petty cash. However, the facility is unique to the M-Pesa wallet holders. The money stored in the M-Pesa account is secured by a 4 digit M-Pesa pin which should be known only to you, just like an ATM.

Customers (Vodafone and Non-Vodafone) can visit any of the 1,20,000 outlets and use the unique cash-out feature. Further, the Vodafone M-Pesa digital  wallet too can be easily digitally loaded via credit or debit card or net banking.

Interestingly, 56% of the outlets are located in the rural India, and considering the fact that the smart phone penetration in rural India is not at par with urban India, this is indeed a good initiative. The inimitable M-Pesa app allows even a feature phone user to transfer money and cash it, through a short USSD code.

 

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