| General | | | Nokia Introduces Mobile Money Client on all devices | | | TT Correspondent | | 28 Jun 2011 | | |   Nokia has launched Mobile Money client in all Nokia devices in India. The Mobile Money service provides the unbanked and under-banked masses, access to financial services through their mobile phones.
The Money client is available not only on high end Symbian smartphone devices, but also on Nokia´s Series 40 feature phones, as well as the Series 30 entry level devices and support both keyboard, touch and combined devices.
Nokia Money mobile financial services initiative is already being implemented in India through partnerships with Union Bank of India (UBI), Yes Bank, Obopay and a wide range of merchants, retailers and business correspondents. The services, called Union Bank Money and Mobile Money Services by Yes Bank, are already available in several regions and are being rolled out across India in the forthcoming quarters.
Consumers will have the option of choosing and subscribing to either Union Bank Money or YES Bank Mobile Money Services from their Nokia devices. The app can be activated at Nokia retail and other outlets, who are also authorized banking correspondents of Yes Bank and/or Union Bank of India.
Mobile Money services eliminate dependence on the physical presence of a branch or availability of internet banking services. Embedding the Money client in the Nokia devices going forward further makes the service ubiquitous and accessible for consumers across categories”, said Gary Singh, General Manager, Nokia Mobile Payment Services. |
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