Currency Crisis: Vodafone launches special mobile wallet feature

New Delhi

In a bid to enable merchants hassle free transactions, Vodafone today launched a special feature on its mobile wallet.

“M-Pesa Pay is a new feature which we're adding on to M-Pesa to enable ease of transactions between merchants and customers. M-Pesa Pay is really a merchants product," company managing director and chief executive Sunil Sood told reporters here.

The new feature comes a month after Government scrapped Rs 500/ 1000 banknotes keeping in mind to curb money.

Mobile wallets like Freecharge and PayTM, M-Pesa's competititors, have increased their marketing activities following the move.