Vodafone's digital wallet customers to get to withdraw cash from outlets

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 here.

Over 56 per cent 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.

Not too long ago, Vodafone India  announced that it had become the service provider of choice for over 200 million customers in India. Celebrating the big number, the company also announced that it had received an equity infusion of INR 47,700 crore from Vodafone Group in the first half of its current fiscal year.

With inputs from IANS