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Tata Docomo, the unified telecom brand of Tata Teleservices, will expand its flagship money remittance and payment service mRupee to cover 26 cities by the end of this fiscal.
The expansion would be conducted through its wholly-owned subsidiary MMP Mobi Wallet Payment Systems Ltd (MMPL). mRupee is a telecom network agnostic m-payment wallet and remittances are carried over across India, the company said in a statement.
MMPL will serve both business to customer segment and business to business segment, apart from businesses, traders, shop owners and enterprises.
With over 1700 retail outlets, mRupee is currently available across 11 key cities through its tie-up with ICICI Bank.
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