Vodafone to introduce loan repayment, money transfer services soon
S Shyamala
Thursday, February 2, 2012 - 11:38
Vodafone to introduce loan repayment, money transfer services soon.
As a part of its plan to
move beyond voice services, Vodafone is focusing on data and m-commerce.
Services including loan repayments and money transfer through the
mobile platform would see the light of the day during later part of this
year, senior company official said.
“All our initiatives are meant to take us beyond voice. Even when
Vittorio (Vittorio Colao, CEO of the Vodafone group) came down to India
recently, he had disclosed that data and m-commerce would be our focus
areas for growth. The key drivers are the facts that we have vast
experience on both in other parts of the world. For example, in Africa,
where a majority of the population does not have access to banking
services, our M-Pesa service is a big success. India has similar
demographics. We hope to replicate our success here as well,” said
Suresh Kumar R, COO for Vodafone in Tamil Nadu.
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