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Tata Teleservices Ltd, ICICI Bank Ltd Tie Up For Money Transfer Service-The Economic Times

Wednesday, 19 Dec 2012 10:55am EST 

The Economic Times reported that Telecom operator Tata Teleservices Ltd through subsidiary MMP Mobi Wallet Payment Systems has tied up with ICICI Bank Ltd for money transfer service. Under this service, people can deposit money in ICICI Bank account through MMP retail stores. MMP will act as a business correspondent for ICICI Bank for this service, which will allow customers to transfer money for a nominal fee without opening an account. The money transfer service will be launched in Mumbai and Delhi to begin with and then in other parts of the country, the statement said. 

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