VODAFONE M-PESA PARTNERS WITH HOME CREDIT TO FACILITATE EMI PAYMENTS FOR CONSUMER DURABLE LOANS

Chandigarh, April 13, 2017: Customers of Home Credit can now pay their monthly EMI through Vodafone M-Pesa. This partnership will benefit existing and potential customers of Home Credit from 58 cities across 15 states, offering them a simple, easy-to-use, safe option for cashless loan repayments.

Home Credit customers now get the convenience of using the M-Pesa app, or visiting the closest M-Pesa Business Correspondent. Vodafone M-Pesa has the largest network of Business Correspondents in India, offering Home Credit customers accessibility even in difficult-to-access rural markets

Inviting all customers of Home Credit to reap the benefits of the partnership, Sandeep Kataria, Director- Vodafone M-Pesa said “M-Pesa is delighted to partner with Home Credit, providing a safe, speedy and convenient way for consumer durable loan users to pay their instalments. Home Credit customers now have access to the largest agent network and can also opt to effect their loan repayments “On the go” through the M-Pesa app. Vodafone M-Pesa has been helping transform lives for the segments who need it the most, by facilitating instant and secure money transactions through the mobile phone even while driving financial inclusion in the country.”

Speaking on the partnership with Vodafone M-Pesa, Tomas Hrdlicka, Chief Marketing Officer, Home Credit India said, “We are very excited by this tie-up with Vodafone M-Pesa which provides our customers with finger-tip convenience to pay their EMIs. Home Credit India has a strong customer focus and this tie up will reinforce our customer centricity. Our customers can now pay their EMIs conveniently through the Vodafone M-Pesa’s impressive network throughout India. What is unique is even customers without internet connection can now pay their EMIs through the USSD facility from their non-smart phones.”