Not Another Mobile Phone Blog

Nokia has once again made it clear that, India's mobile users market is of utmost importance for its performance. At the ongoing Mobile World Congress 2010, Nokia introduced a new service called Nokia Money. Kicking off in Pune, India, Nokia Money will work hand-in-hand with one of India's well known private sector banks, YES Bank. YES Bank has named these services as Mobile Money Services and the Pilot is soon going to start in Pune. With Nokia Money, users will just need the person's mobile number to whom they wanna transfer money. People can also pay utility bills, SIM top ups etc. Its just a pilot as of now, but the possibilities are end less like shopping, movie ticketing etc. This partnership is also a good opportunity for YES bank to increase its share of wallet. Also this is the initial partnership of Nokia with respect to its Mobile Money project. Going ahead, they are very much keen to build an open eco-system of mobile operators, banks and goods/services retailers. [Via] Nokia Money will be using Obopay's platform for this service.
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