Nokia To Launch Mobile Payment Facility “Nokia Money”

By February 18th, 2010 AT 11:23 AM

Nokia Mobile Payment Facility Nokia MoneyNokia the leading mobile phone maker announced the launch of Nokia Money the mobile Payment services enabling consumers to pay through direct from their Nokia mobile phones in India. To offer the Mobile Payment service the company tie-up with Yes Bank. The Nokia Money Services will allow mobile phone users to transfer money to another person by using the person’s mobile phone number and also top up the prepaid card or pay utility bills.

As a commercial pilot project initially the services will be launched in Pune (Maharashtra) and will also be available through Nokia’s retail network. Transactions can be done over SMS, IVR, WAP, JAVA and FIRE. The service will be offered over a Mobile Payment platform developed by Obopay which is already partnering Yes bank.

According to the Gerhard Romen, Director for Alliances, “Nokia Money is being tested in India  because it has 1.2 billion people and over 500 million mobile subscribers. For many of those users, their mobile phone is their only link to the Internet because they do not have PCs, he said. People who don’t have credit or debit cards will now be able to transact on line with the new service”.

9
Leave a Reply

avatar
Photo and Image Files
 
 
 
9 Comment threads
0 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
8 Comment authors
Santosh kangleParshivMobiele Telefoons » Nokiauc758 uacb0uc81c uc194ub8e8uc158 Nokia Moneyuac00 uc778ub3c4uc5d0uc11c uc2dcuc791ub428 http://bit.ly/cOmG7VanandhPrasath J Recent comment authors
newest oldest most voted
Santosh kangle
Santosh kangle

Is It working in every teretory, Is It Accseptable Rural Areas.. If it Accseptable In Rural Than We Will say “nokia Transforing money”

Parshiv

Plse focus on sale not dis type of services no one use dis

Recent Posts

BSNL Reduces Grace Period for Balance Lapse to 7 Days Down from Previous 15 Days

The state-led telecom operator, Bharat Sanchar Nigam Limited has been making many consumer-centric moves since the past few months to...

Trai Issues Consultation Paper on KYC of Set-top Boxes to Stop Smuggling of Equipment

The Telecom Regulatory Authority of India (Trai) in a regulatory step towards the DTH industry in India has issued a...

Independent TV Customers Unable to Access Website to Claim Refund, DTH Operator Yet to Resume Operations

Independent TV has been in a tough spot over the last month or so as the company stopped providing services...