Proponents in the UK hope more guidance from the government will promote growth of the digital currency.
Country's new licensing rules are behind the suspension, the company says, adding that it may go on for at least a few months.
The company is making changes to comply with Indian regulations to allow for bank withdrawal services, but personal payments remain suspended.
The service, set up by m-Via, allows migrant workers in the U.S. to set up a mobile bank account and more cheaply send funds back to people in their home country.
What exactly do the words "mobile payment" mean? That depends. We take a look at the four leading ways that a cell phone can help part you from your money.