Vodafone recently announced its partnership with the Government of Haryana to facilitate mobile-based disbursement of monthly social security pension. The initiative, activated through Vodafone M-Pesa, Vodafone’s mobile money transfer and payment service has been carried out as a pilot initiative, covering 868 beneficiaries at five villages in Karnal and Mahendragarh districts in Haryana.
Operated under the Government of India’s pension scheme, Vodafone India’s M-Pesa has been identified as the most suitable partner to facilitate digital transfer of financial disbursements to pensioners in Haryana, offering a safe and secure mechanism to transfer funds.
Earlier government used to disburse the pension via Sarpanch of village. He used to share the list of all beneficiaries in his village with the government officials. Accordingly, the total amount for all these beneficiaries used to get transferred in to his account and then was disburse to concerned people.
Vodafone M-Pesa has now added ease to the life of beneficiaries and proved to be a more convenient and authentic mode of transferring pension.
With the induction of Vodafone M-Pesa, beneficiaries with any active mobile number can directly receive payment of the pension. They get intimated via SMS, mentioning the amount of the pension, the withdrawal code and the withdrawal procedure. They can then withdraw the amount by simply authorizing the transaction with the withdrawal code at a nearby Vodafone M-Pesa retail outlet.
Expressing satisfaction at the successful implementation of the pilot social security pension disbursement project in Haryana, Suresh Sethi, Business Head - M-Pesa, Vodafone India said, “With the presence of 2894 outlets in Haryana, especially in small towns and villages, Vodafone M-Pesa is well on its way to being the partner of choice to the Government in its financial inclusion projects and disbursal of remittances for key government programmes. For Government transfers, 'Vodafone M Pesa' is a speedy and transparent mechanism with no leakages. We are delighted to partner with the Govt. of Haryana for monthly pension disbursement, significantly adding to the ease and convenience of pensioners in unbanked areas. As a part of our commitment to partner the Government’s agenda to promote progress in the state and we would like to scale up this initiative to cover more and more towns and villages in the state, over the coming months.’’
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