Infocomm Infocomm
24th NBFC100 TECH SUMMIT AWARDS 24th NBFC100 TECH SUMMIT AWARDS
BFSI AI SUMMIT BFSI AI SUMMIT
Home Regulators RBI SEBI TechINFRA Security Data Centre Cloud Services Government Reforms DBT Aadhaar GST Payments Payment Gateways ATM Point of Sale Payment Wallets Fintech Apps Banks Public Sector Private Sector Cooperative NBFCs Year Ender Magazine Magazine Subscription Articles Interviews Webinars Webinar Videos Video Series — Innovation Talk Upcoming Initiatives BFSI Events About Us Contact Us

Vodafone launches M-Pesa PAY, new cashless payment gateway for Merchants

To promote digital India dream, Vodafone has recently launched M-Pesa PAY, a digital payment platform for merchants and retailers.

The platform is aimed to enable merchants and retailers to receive cashless payments from customers.

Advertisementgreylabs

To use this service, the retailers and merchants will have to download the Vodafone M-Pesa app, which has been offering payment and money transfer options to end users for a while and then register themselves as a merchant. They can then notify individual customers to make payments.

Customers, who are already using the M-Pesa app, will receive a notification that will let them make the payment using their wallet balance, bank account, credit card, or debit card.

Advertisement24th Elets NBFC100 Tech Summit & Awards, Mumbai

Explaining about the app and its relevance, Sunil Sood, Managing Director (MD) and Chief Executive Officer (CEO) at Vodafone India, said the Prime Minister has set forth “the vision of a Digital India and a less cash economy”.

AdvertisementInfoComm India 2026

As a responsible corporate citizen, Sood said, “we are fully committed to playing our role in fulfilling this vision”.

AdvertisementElets BFSI AI Summit & Awards, Mumbai

“We started our journey towards enabling financial and digital inclusion in 2013 with the launch of Vodafone M-Pesa and have since made considerable progress by successfully establishing a franchise of over 8.4 million customers and nearly 1,30,000 outlets across the country.”

“With the launch of Vodafone M-Pesa PAY, we are accelerating this journey by creating a platform for merchants and retailers to easily embrace digital payments and also encourage their millions of customers to pay via digital currency,” he added.

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/

Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram.

Our Coverage of Banks

Government Named Sanjay Malhotra as New RBI Governor, Shaktikanta Das to Step Down

In a significant development, Sanjay Malhotra, a 1990-batch Indian Administrative Service (IAS) officer, has been appointed as the… Read more →

South Indian Bank names Dolphy Jose as Whole-time Director (ED)

The South Indian Bank Limited has named Dolphy Jose as Whole-time Director (Executive Director) of the Bank, commencing… Read more →

Goldman Sachs Names Sudarshan Ramakrishnan & Devarajan Nambakam as Co-Heads of Investment Banking in India

Goldman Sachs has announced key appointments to its investment banking leadership team in India, underscoring its commitment to… Read more →

Bank of Maharashtra Q1FY25 Results: Net Profit Surges Over 46% to Rs 1,293 cr

Bank of Maharashtra has showcased a 46.6 per cent year-on-year (YoY) increase in profit after tax (PAT), reaching… Read more →

Mashreq names Tushar Vikram as Country Head and CEO of India

Mashreq, a leading financial institution in the MENA region, has announced the appointment of Tushar Vikram as its… Read more →

Bandhan Bank names Ratan Kumar Kesh as Interim MD & CEO

Bandhan Bank has named Ratan Kumar Kesh as the Interim Managing Director & Chief Executive Officer (MD &… Read more →