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Through the Mpesa Pay app, mom and pop stores who do not have POS machines can also have customers digitally transfer money from various transactions.
Just 5 percent of Indian villages have banks and villagers need to travel 15-50km to get to a bank. These initiatives will help in digital peneteration , said Sunil Sood, head of Vodafone India.
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There are 8.5 million customers on their mobile wallet Mpesa that was launched in 2013.
Sood added that in the month of September the company saw transactions worth Rs 860 crore done on it.
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Anyway this will be helping the merchants to get their payments more easily and also for the customers, the payments for merchants will be easier and hense the purchasing also will be more easier. Share this post and keep visiting for more tricks and news, thank you.
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