Vodafone gives credit to pay-as-you-go customers

[dwarakesh]

Vodafone has created an emergency back up for pay-as-you-go mobile users called Vodafone IOU.

According to a press release, it will be the first time that Vodafone pay-as you-go customers get anything that is like credit from a mobile phone company.

Dubbed Vodafone IOU, it means that Vodafone customers will always be able to use their mobile phone when they've run out of pay-as-you-go credit and can't top up.

Vodafone customers set up the service by texting "IOU" to the phone number 468. Once a Vodafone customer adds the Vodafone IOU service to their pay-as-you-go mobile account, they'll receive an extra £2 of calling credit to use until they next add top-up credit.

The money can be used for mobile calls, mobile texts or mobile data services, including mobile internet browsing and music track downloads. However Vodafone charges 30p each time you use the service. This is quite a high rate of interest on £2.

Customers can check their balance at any time to find out how much IOU credit has been spent, and how much they still have available to use.

The service is available to all Vodafone pay-as-you-go customers who have been with Vodafone for more than 30 days and have topped up at least £5.