If you are a shop owner probably your sales have gone down due to the sudden demonetization the Rs 500 and Rs 1000 currency notes by the government. With now only more Rs 2000 denomination currency note in circulation, there is another issue with giving balance.

Indian telecom operator Vodafone India through its digital wallet initiative Vodafone M-Pesa has come up with a solution for the above issue called Vodafone M-Pesa PAY. A digital payment solution that helps merchant, retailers and small shop owners to conveniently receive money from their customers without any exchange of solid cash. That way if you are a merchant you don’t need to buy pricey POS machines, but can still accept digital payments from customers.

Vodafone M-Pesa PAY - Digital Payment Solution for Merchants and Customers

To start with Vodafone M-Pesa PAY, you need to download the app and sign up as a merchant on service. Next time when one of your customers makes a purchase, you can send a money request notification from Vodafone M-Pesa PAY to the customers mobile number. The customer now needs to click on the notification on his/her mobile and make the payment digitally. They can pay the amount using M-Pesa wallet, net banking, debit card or credit card. Once the payment is initiated by the customers, Merchants M-Pesa account will be instantly credited with the money.

Vodafone M-Pesa PAY features

  • Easy money transfers between Merchant and customer.
  • The customer can pay the amount using M-Pesa wallet, net banking and debit card or credit card.
  • Completely seamless, worry-free and secure transactions.
  • New Customers get 5 percent cash back (up to a maximum limit) on all spends for 3 months.
  • Available as a mobile app for Android and iOS device.
  • If using a feature phone, can use the digital wallet services via USSD mode using short code *400#.

Recently Vodafone India has announced a unique cash withdrawal facility for its Vodafone M-Pesa wallet subscribers. Using this facility you can withdraw cash from your wallet through any of the 120,000 Vodafone M-Pesa outlets across India. Users can easily load up to Rs 20,000 on M-Pesa wallet via credit or debit card or net banking.

One of India’s leading digital wallet provider Paytm recently launched similar services called Peer-to-Peer (P2P) payment system. Here small and medium businesses easily accept card payments, wallet payments and UPI payments from customers.

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