ICICI
Bank, India’s largest private sector bank, has entered into a strategic
tie up with MMP Mobi Wallet Payment Systems, a 100% subsidiary of Tata
Teleservices, one of the leading Mobile Network Operators in India, to
launch a money transfer service. MMP will act as a business
correspondent of the bank for this service which will allow customers to
transfer money for a nominal fee without opening an account.
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