Vodafone has partnered with Ess Kay Fincorp whereby small loan customers of Ess Kay Fincorp can pay their monthly EMI through Vodafone M-Pesa.
This partnership will benefit existing and potential customers of Ess Kay Fincorp across Rajasthan, offering them a simple, easy-to-use, safe option for cashless loan repayments. Vodafone M-Pesa users can effect monthly EMI payments anytime, from anywhere, eliminating the need for customers to visit the local outlets of Ess Kay Fincorp.
The widespread network of Vodafone M-Pesa business correspondents will be an asset for Ess Kay Fincorp to scale up its business penetration in difficult-to-access rural markets and overcome other operational challenges faced by the industry.
Inviting all customers of ESS Kay Fincorp to reap the benefits of the partnership, Amit Bedi, business head – Rajasthan, Vodafone India said, “Ess Kay Fincorp customers can now effect their loan repayments on the go regardless of where they are. From process automation to facilitating instant and secure money transactions through the mobile phone, Vodafone M-Pesa has been helping transform lives of segments who need it the most, even while driving financial inclusion in the country.”
Speaking on the partnership with Vodafone M-Pesa, Rajendra Kumar Setia, managing director, Ess Kay Fincorp said, “We are delighted to partner with Vodafone M-Pesa, bringing a world class, simple, cashless payment platform to our customers doorsteps. Vodafone M-Pesa with their extensive network of Business Correspondents in the state, will surely enhance financial flexibility, drive closer engagement and create easier loan accessibility for our customers in Rajasthan.”
Customers taking loans from Bajaj Finserv, Home Credit Finance, Mannapuram Gold and Muthoot Fincorp can also make their monthly EMI payments through Vodafone M- Pesa. Three simple options for customers to use Vodafone M-Pesa, from the comfort of their home – M-Pesa App, M-Pesa Portal or USSD short code*400#.