Nokia Launches Mobile Money Services in Pune and Chandigarh

By June 11th, 2010 AT 12:34 PM

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.

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.”

Commenting on the Mobile Money Services, Rana Kapoor, Founder/Managing Director & CEO, YES BANK said, “We are privileged to partner global technology leaders Nokia and Obopay, in introducing Mobile Money Services in India. This initiative will provide consumers with greater ‘Anytime Anywhere’ convenience and will be a significant milestone on the path of financial inclusion as stated by the Reserve Bank of India (RBI). The mobile banking services will be made available to a wider consumer base by leveraging off Nokia’s vast retail network towards attaining YES BANK’s stated objective of providing consumers with a Superior Service Experience through use of creative technologies.

The Mobile Mobile Money services presently support selected handset as follows: Nokia 3110c, 3110e, 3120c, 3250, 3500C, 3555, 3600, 3610, 3610a, 5130XM, 5200, 5220XM, 5300XM, 5310XM, 5320XM, 5500Sport, 5610XM, 5700XM, 6085, 6086, 6110Navigator, 6120c, 6120c 2G, 6121c, 6124c, 6212c, 6210, 6210s, 6220c, 6260, 6263, 6290,6300, 6301, 6300 BT, 6300i, 6500S, 6500c, 6700, 6555, 6600fold, 6600slide, 7210Supernova, 7310Supernova, 7373, 7390,7500Prism, 7510Supernova, 8800Arte, 8800Arte Gold, 8800Carbon Arte, E50, E51, E60, E61, E61i, E62, E63, E65, E66, E70, E71, E90, N70 N71, N72 N73, N75, N76, N77, N78, N80, N81, N82, N85, N86 8MP, N90, N91, N92, N93, N93i, N95.

Nokia 2690, 2700c, 2710Nav, 2730c, 3208c, 3710fold, 3720c, 5330MobTV, 5630XM, 5730XM, 6303c, 6303i, 6350, 6600i slide, 6700Slide, 6710Navigator, 6720c, 6730c, 6750mural, 7020, 7230, 7610S, E52, E55, E62, E71x, E72, E75, N79, N96, C5, E5, X2, and X3.

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