Nokia today announced that it has started to embed the Mobile Money client in all Nokia devices in India.
The Mobile Money service provides the unbanked and under-banked masses, access to financial services through their mobile phones, thus empowering people and their businesses.
As part of Nokia’s vision of enabling a broad community with financial services, the Money client is available not only on high end Symbian smartphone devices, but also on Nokia´s Series 40 feature phones, as well as the Series 30 entry level devices and support both keyboard, touch and combined devices.
Nokia Mobile money services is already being implemented in India through partnerships with Union Bank of India (UBI), Yes Bank, Obopay and a wide range of merchants, retailers and business correspondents.
Mobile Money Service allows users to avail multiple financial services functions such as:
- Account management with detailed balance information, tracking of each transaction, details of each transaction done.
- Bill payment
- Money transfer
- Cash withdrawal from Business Correspondents cash-out outlets (registered Nokia stores) and ATMs
- Prepaid SIM top-up
