Vodafone M-Pesa ties up with Punjab power utility

Posted on:27 Jul 2016 09:25:11

Vodafone M-Pesa ties up with Punjab power utility
27 July 2016 Current Affairs: Vodafone M-Pesa, a mobile phone-based money transfer service, has tied up with Punjab State Power Corporation Limited (PSPCL) to enable consumers pay their electricity bills instantly. 

Vodafone M-Pesa offers customers a cashless, secure platform for electricity bill payments with the largest network of agents (or CashIn Points) to enable digitisation of money for cash holding population.

M-Pesa is a mobile phone-based money transfer, financing and microfinancing service, launched in 2007 by Vodafone for Safaricom and Vodacom, the largest mobile network operators in Kenya and Tanzania. 

It has since expanded to Afghanistan, South Africa, India and in 2014 to Romania and in 2015 to Albania. M-Pesa allows users to deposit, withdraw, transfer money and pay for goods and services (Lipa na M-Pesa) easily with a mobile device.


Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs May 2017

24 MAY
NEWS
23 MAY
NEWS
22 MAY
NEWS
20 MAY
NEWS

Current Affairs April 2017

29 APRIL
NEWS
28 APRIL
NEWS
27 APRIL
NEWS
26 APRIL
NEWS

Current Affairs March 2017

31 MARCH
NEWS
30 MARCH
NEWS
29 MARCH
NEWS
28 MARCH
NEWS