Called Nokia Money, the service uses Obopay’s mobile payment platform for offering access to basic financial service.
More exactly, customers will be able to: send money to someone just by using the person’s cell phone number; pay for goods and services; pay utility bills; recharge prepaid SIM cards.
The service will be accessible 24 hours a day, as long as your phone is on and you have signal.
“Rural consumers will particularly benefit from money transfers and, for urban consumers used to online services, we are enabling services such as payment of utility bills, purchase of train and movie tickets, top-ups, all through their mobile phones. Nokia Money is simple to use, secure and available across different operator networks and on virtually any mobile phone. This means millions of new consumers will soon be able to manage all their financial needs from their mobile phone”, declared Teppo Paavola, vice president and Head of Corporate Business Development at Nokia.
Nokia Money will be available starting early 2010, in select markets. Until then, Nokia will showcase the service next week, during Nokia World 2009, in Stuttgart.
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