Vodafone Winds Up M-Pesa In India After Huge Losses;post RBI Cancelled ts license

Vodafone m-pesa shutting down, RBI has cancelled CoA of Vodafone m-pesa on account of voluntary surrender by the company.

After the cancellation of the certificate, RBI said that the company will not be able to carry out issuance and operation of prepaid payment instruments (PPIs).

RBI said that customers or merchants associated with Vodafane m-pesa can approach the company for settlement of their claims for up to 3 years from January 21, 2020.

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