August 26, 2009
Nokia Money
Nokia today announced it will offer mobile banking to serve the basic financial needs of consumers. The service could be launched as early as the beginning of 2010. IBTimes reports.
According to a statement released by Nokia, the Nokia Money is designed to be “as simple and convenient as making a voice call or sending an SMS.”
The service will allow consumers to use their mobile phones to send money to other people and to pay for goods, pay utility bills and top up their sim cards with credit.
To support this services the statement said Nokia is building a wide network of Nokia Money agents that will provide facilities for consumers to deposit or withdraw cash.
Nokia Money would be useful in developing countries where access to banking is restricted but mobile phones have penetrated to even the remotest of corners.
... The first glimpse of the Nokia Money financial service will be demonstrated at the Nokia World on 2nd and 3rd of September 2009 in Germany.
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