(3) Vodafone India and ICICIBank, in April 2013, announcedthe launch of ‘MPesa’- a mobile money transferand payment service.Vodafone offers mobile paymentservices across the worldunder the ‘M-Pesa’ brand. MPesa(M for mobile, ‘pesa’ isSwahili for money) is mobilemoney that was developed bySafricom in East Africa, Kenya.