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M-Pesa in Romania and Egypt

Thursday, 22/08/2013 | 00:00 GMT by FMAdmin Someone
M-Pesa in Romania and Egypt

Romania and Egypt are next to receive Vodafone’s e-wallet.

The idea behind M-Pesa is that a Vodafone customer who wishes to make purchases online, pay bills and so on, will go to an M-Pesa outlet, fill in a form providing proof of identity and address and deposit money, at which point the mobile wallet will be activated and ready for mobile Payments . With bank approval, additional services, like money transfer and cash withdrawal are also possible.

Not long ago, Payment Magnates reported on the launch of M-Pesa in Rajastan, following previous take-offs in Kenya and various locations in East India. It has been promoted as a necessary service in romote areas where banking presence and internet access are scarce and inconvenient, thus filling a payment gap in the market for under-developed countries and cities.

Romania and Egypt are next to receive Vodafone’s e-wallet.

The idea behind M-Pesa is that a Vodafone customer who wishes to make purchases online, pay bills and so on, will go to an M-Pesa outlet, fill in a form providing proof of identity and address and deposit money, at which point the mobile wallet will be activated and ready for mobile Payments . With bank approval, additional services, like money transfer and cash withdrawal are also possible.

Not long ago, Payment Magnates reported on the launch of M-Pesa in Rajastan, following previous take-offs in Kenya and various locations in East India. It has been promoted as a necessary service in romote areas where banking presence and internet access are scarce and inconvenient, thus filling a payment gap in the market for under-developed countries and cities.

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