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Case Study Of Vodafone

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. VODAFONE
Vodafone has come up with a mobile money service which is known as 'M-Pesa'. Launched in 2007 by Vodafone for Safaricom and Vodacom, the largest mobile network operators in Kenya and Tanzania, M-Pesa is a money transfer and micro-financing service. Further it has expanded its service to Egypt and India in the year 2013. Using the M-Pesa service, a customer can send up to Rs 5,000 at a time. In a month, he/she can use this service to send up to Rs 25,000.The motive behind coming up with such kind of service in India is especially to tap the rural areas customers and the migrant workers who need to send money home every month that are mostly found in metro cities.
To open M-Pesa account Vodafone customers need to visit a designated …show more content…
The usability of mobile money can be understood from the diagram below:

Step 1: The customer first has to visit the website which offers mobile money/mobile wallet & sign up adding details asked by the service provider.

Step 2: After successful registration, the customers can add money in their designated mobile money wallet provided by the service provider. The money can be added using Debit, Credit card and Net Banking.

Step 3: After adding the amount you are ready to use the mobile wallet.

FAVOURABLE FACTORS FOR SUCCESS
1. The customer can use mobile wallet even if he does not have bank account. It is not mandatory for a customer to have a bank account to use mobile money.

2. The mobile wallets service providers have to put in very innovative & well defined modules to be in the competitive fray.

3. To promote mobile money, the service providers are attracting consumers through various sales promotion schemes which is bound to give an upward thrust to the growth …show more content…
Since the concept of mobile wallets/mobile money is very new for the Indian markets, the consumers remain largely unaware about the service.

2. The consumer wanting to avail the service should have smartphone or computer/laptop and internet facility for an uninterrupted experience.

STRATEGIES ADOPTED BY COMPANIES TO POPULARIZE THE CONCEPT Since, the concept is in its inception stage, the service providers are making sure that a large number of customers are attracted to avail their services. With strategies starting from cashbacks on adding money to providing discounts at their partnered websites, these companies are leaving no stone unturned to woo the Indian consumer.

1. Cashback

A number of companies offer cashback on adding money in the mobile wallet.
(a) MobiKwik, a mobile money service provider, recently came up with a cashback offer. As a part of their promotion strategy, if an existing user of the service refers their kith & kin to download the MobiKwik application on their smartphones, then the service provider will add Rs.100 in the customer’s mobile wallet and Rs.50 in the referred consumer’s mobile

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