Vodafone Is Helping People Convert Digital Money Into Hard Cash
Consumers in India now have the option to turn in their digital currency they've earned with Vodafone into physical cash
Vodafone has allowed users of its mobile wallet service M-Pesa to cash in physical cash with its M-Pesa agents. With a withdrawal limit of Rs 2,000 ($30) per day, there are 130,000 touch points across India where users can access their digital wallets.
This decision by Vodafone is in direct contrast to the Government of India who are actively proposing a cashless society. In early November, India’s government enforced a ban on high-value currency notes throughout the country. Vodafone’s competitors, Airtel and Reliance Jio, have followed through with the government’s decision and responded with improvements to their cashless services.