Nokia, a global leader in the mobile telecommunications industry and YES BANK, India’s new-age private sector Bank, today commercially launched innovative mobile payments platform in Pune (Maharashtra) and Chandigarh to facilitate customer convenience and encourage financial inclusion in India.

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The Yes Bank Mobile Money Services powered  by Nokia will allow its mobile phone users to transfer money to another person by using the person’s mobile phone number and also Top-up the prepaid card of any mobile services or pay postpaid mobile/land line and utility bills as well as cashless shopping.

The Mobile Money Service pilot project was announced in February in Pune for selected customers. After the successful test, now the services are commercially available to all Yes Bank and Nokia customers wherein they can pay for shopping and Utility bills through direct from their Nokia mobile phones.

Initially the Mobile Money Services are available in Pune and Chandigarh city.To avail the services Nokia customer may visit any Nokia priority dealer or Yes Bank’s branches at Bhandarkar Road, Hinjewadi and Kondhave Khurd in Pune city and Sector 9 C in Chandigarh. Nokia also introduces toll free helpline number 1800-3000-1122 to assist its customer on Mobile Money services.

D Shivakumar, VP and Managing Director, Nokia India said “Mobile Money Services by YES BANK is based on Obopay’s payments platform and designed to work in partnership with mobile network operators and banks, involving distributors and merchants in a dynamic ecosystem, to seamlessly provide new services. YES BANK is our first partner in India to bring this service to market.”