Nokia Money pilot to debut in India with the help of YES BANK

Back in August 2009, Nokia said that it would launch Nokia Money in select markets starting early 2010.

Well, now we know the first country where Nokia Money will be available: India – the world’s second largest mobile market.

A Nokia Money live commercial pilot will be rolled-out in Pune (one of India’s largest metro areas) with the help of YES BANK – that’s why it’s called Mobile Money Services by YES BANK.

The service allows people to transfer and receive money by using only their phone numbers. Moreover, users will also be able top up SIM cards and pay various utility bills.

“The Nokia Money initiative based on Obopay’s platform is initially targeted at growth markets and designed to work in partnership with multiple network operators and banks, involving distributors and merchants in a dynamic open ecosystem to seamlessly provide the new services. YES BANK is our first partner in India to bring this service to market,” declared Teppo Paavola, VP and general manager of Mobile Financial Services at Nokia.

Nokia didn’t say when exactly the Mobile Money Services by YES BANK will be available to end users in Pune, but, until then, you can watch the explanatory video below:

Via Nokia Conversations

Author: Ilinca Nita

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