On March 31, 2014, Vodafone Romania officially announces the introduction of a money transfer service and pay with any mobile phone that does not require a bank account and internet. Obviously, Romania is the first market in Europe to introduce M-Pesa Vodafone service to transfer money and pay with any mobile phone that does not require a bank account and internet.
OFFICIALLY sounds appealing
Vodafone Romania launched a money transfer service payments, called M – Pesa , which operator customers can send and receive money or make payments with any mobile phone without the need for a bank account or Internet connection . The service is free and has no active monthly costs associated . Operations are only charged for money deposits and withdrawals and fees are fixed, depending on the amount . The customers pay between 1 and 3 lei , depending on the amount for sending money to another registered user instant M -PESA . Withdrawals are paid a flat fee per transaction , between 2.5 and 30 lei , depending on the amount.
M – Pesa is available for the first time in Europe, Vodafone Romania 4G network and the 3G and 2G to any Vodafone customer , subscriber or user of the card , regardless of the type of phone used . In Romania , M – Pesa works through a technological platform that provides a high level of security .
You can pay by M – Pesa :
With M -PESA , Vodafone users can do the following operations via cell phone : send and receive money, to power Vodafone card , pay bills , buy goods and services from M – Pesa partner stores . The service can be activated by any Vodafone customer with over 14 years of age at any shop affiliate M – Pesa .
How to use M – Pesa ?
To take advantage of the new service , customers need to open an account M – Pesa , a store affiliate flagged as such, with an ID . To use the service, customers must first call * 789 # .
M – Pesa Once the account is created, users can deposit cash at any store flagged M – Pesa , an operation which is confirmed immediately through SMS. After depositing money into the account M – Pesa customer can do all operations that allow service, wherever they are. And to withdraw an amount received , customers should go to a store M – Pesa with an ID .
With M – Pesa , customers have complete control over their account , and each operation is confirmed with a PIN known only to the user . Account balance is always available in real time , and a call center open 24/7 is available for our users , in case of emergency, the number * 789.
M – Pesa is activated free and has no monthly costs associated . Operations are only charged for money deposits and withdrawals and fees are fixed, depending on the amount .
The customers pay between 1 and 3 lei (Romanian currency), depending on the amount for sending money to another registered user instant M -PESA . Withdrawals , customers pay a flat fee per transaction , between 2.5 and 30 lei (Romanian currency), depending on the amount. All costs are shown in the menu M – Pesa service and may be consulted at any time by users. Details of charges are available at www.m – pesa.ro .
At this point , the service M – Pesa can be activated in about 300 stores Vodafone and its partners and networks Payzone , ROBEST and Agroland , the service is in the process of gradual implementation . The following year , the service will be expanded to over 2,000 stores. Full list of locations is available M – Pesa and updated weekly at www.m – pesa.ro , and to * 789.
“We are pleased to launch M – Pesa in Romania , an innovative technology platform , next generation , and thus answer a real need for our users to have a tool for money transfer and payment simple , easy to use and secure . With a 130 % adoption rate of mobile phone is the perfect tool for making payments , especially Romanians do not have a bank account – which represents about 40 % of the population. The service is also designed for our customers who have a bank account and looking for comfort and ease of use offered by the mobile phone. By launching M – Pesa , Vodafone Romania becomes first European operation of Vodafone Group licensee electronic money , “said Andrea Rossini , Chief Commercial Officer , Consumer Business Unit , Vodafone Romania .
About M – Pesa in Romania
In Romania , M – Pesa is registered by M – Payments Vodafone Romania , a subsidiary of Vodafone Romania , licensed and supervised by the National Bank of Romania as an electronic money institution under number IEME-RO-0002/16.12.2013 Register electronic money institutions . As electronic money institution , Vodafone Mobile Payment , opened at Raiffeisen Bank Romania accounts necessary for the M – Pesa service .
The technical solution for M – Pesa service operation , which consists of both the application software and hardware system that runs the application , was developed by Huawei Technologies.
About M – Pesa in the world
M – Pesa is a money transfer service through mobile Vodafone Group developed and launched in 2007. At December 31, 2013 , M – Pesa had approximately 16.8 million active users and about 165,000 of authorized agents worldwide . The service has a significant increase in adoption, active clients by trading over 900 million Euro per month. Romania is the first European country in which the service M – Pesa was launched and the 10th worldwide.
The M-PESA SCAM
M-PESA – operational scam in Kenya since 2010!
What Vodafone did not show public opinion in Romania is just the extremely high vulnerability of the system M -PESA , which made thousands of victims , financially speaking, from 2010 onwards . The hardest hit was Kenya , with a population at subsistence income . But a country where authorities have been unable to stop escocheria . Moreover, operations in Kenya were made with ACOD tacit Kenyan officials suspected of involvement and obtaining illicit money and goods , after defrauding Electronic M -PESA system . The success of M -PESA is extremely high in poor countries where remittances are from but especially toward the target country . In Kenya , 14 months after launch , M -PESA system have no less than 2.7 million users. Moreover , representatives of the company that patented the M -PESA system have courted many Eastern European countries , more vulnerable than the western door but was refused . However , in Romania were able to enter the market and operate . For the monent.
In Kenya and Tanzania, the method by which people became victims of the ” scam ” was the realization of financial intermediary and parallel service called ” Safaricom “.
Here are links with testimonies proving the “modus operandi” in Kenya and Tanzania.
British newspare “The Guardian” also reported about the financial scam and the vulnerabilities of the M-PESA system: