*To send money through mobile wallets, one needs to be registered with the mobile wallet companies
*Once registered with any one of the platforms, one is given a unique number
*One can send money or make payments through it by loading cash in his account and making payment against it
*The recipient may not be always registered with mobile wallet accounts
*After receiving the money, the recipient needs to go to the mobile wallet retailers with the message and after proving his or her identity can take payment against it
*Vodafone M-Pesa was launched in Kolkata in 2012 and began the roll out in April 2013
*Airtel Money was launched in February 2012
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