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Multiple Choice Questions

lsquo M ndash Pesa rsquo a mobile based money transfer and payment service was launched by Vod...........

General Awareness : Finance Banking Awareness

‘M – Pesa’, a mobile-based money transfer and payment service, was launched by Vodafone in the year 2007. In India, Vodafone India launched it in 2013 in association with _____________

This questions was previously asked in

RBI Grade B 2016

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YES Bank

SBI

HDFC Bank

Kotak Mahindra Bank

ICICI Bank

Explanation:

ICICI Bank

- **M-Pesa Overview**: M-Pesa is a mobile money service launched by Vodafone in 2007. It allows users to transfer money, pay bills, and conduct financial transactions using their mobile phones.
- **India Launch**: Vodafone India introduced M-Pesa in 2013. It aimed to extend financial services to the unbanked population, especially in rural areas.
- **Partnership**: The service required a partnership with a bank to facilitate transactions.
- **YES Bank**: A prominent player in digital and mobile banking services.
- **SBI**: India's largest bank with extensive reach, but not the initial partner for M-Pesa.
- **HDFC Bank**: Known for its robust banking services but not the M-Pesa partner.
- **Kotak Mahindra Bank**: Provides diverse financial services but wasn't involved with M-Pesa's launch.
- **ICICI Bank**: 🟢 **Correct Answer: Vodafone India partnered with ICICI Bank to launch M-Pesa in India.**
- YOUR ANSWER IS RIGHT

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