Vodafone India introduces cash out for M-Pesa

Vodafone India has introduced the ability for users of its M-Pesa digital wallet service to withdraw cash at any of over 120,000 Vodafone M-Pesa outlets nationwide.

The company said its network of M-Pesa outlets is roughly equivalent to the number of bank branches in India. Over half (56%) of the outlets are located in rural India.

Customers will need to provide proof of identity to withdraw cash at a branch. Withdrawals will be subject to availability and Reserve Bank of India guidelines.

“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 wallet at their convenience,” Vodafone M-Pesa business head Suresh Sethi said.

Vodafone’s M-Pesa service is available to both Vodafone and non-Vodafone customers, supports recharges using credit or debit cards via mobile or fixed broadband, and can be used to shop online or pay bills, send funds to family or friends and now withdraw cash.

The operator has attracted over 8.4 million Vodafone M-Pesa customers since the service’s launch in India in 2011.