Vodafones M-Pesa, a mobile phone-based money transfer service, has tied up with which company to enable consumers pay their electricity bills instantly

2016

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Vodafone’s M-Pesa, a mobile phone-based money transfer service, has tied up with which company to enable consumers pay their electricity bills instantly

A	Adani Power
B	Damodar Valley Corporation
C	Punjab State Power Corporation Limited
D	Lanco Infratech

Explanation:

Detailed explanation-1: -Pay by M-PESA is a service that allows global and domestic merchants to offer Africa’s leading payment method as a payment option at online checkouts. Through M-PESA, merchants can access over 40 million customers, the majority of whom do not have access to other online payment methods such credit or debit cards.

Detailed explanation-2: -HDFC Bank has launched MobileBank Accounts in association with Vodafone m-paisa.

Detailed explanation-3: -Vodafone India has extended the mobile money service, M-Pesa to merchants and retailers with M-Pesa Pay, a digital payment system that enables them to receive payments from their customers without any exchange of cash.

Detailed explanation-4: -The money that should be stored is provided to a kiosk attendant who transfers it digitally to the M-Pesa account of a user. Cash that is collected from M-Pesa can easily be deposited in Safaricom held bank accounts.

There is 1 question to complete.