Computers, Science, Technology
Computers, Science, Technology

India-Forums

   

Nokia-to launch mobile banking

anu_cooldude IF-Dazzler
anu_cooldude
anu_cooldude

Joined: 28 August 2009
Posts: 3568

Posted: 01 September 2009 at 7:24am | IP Logged
 

Nokia plans to launch mobile 'banking'

WriteOut ResolveXHTML(Component.Fields.Item(
Released on - 8/26/2009 7:49:17 PM

Nokia, the world's leading mobile phone maker, will launch a service enabling people to make financial transactions with their cell phones, the Finnish telecoms giant said Wednesday.

The "Nokia Money" service will make it possible "to send money to another person just by using the person's mobile phone number, as well as to pay merchants for goods and services, pay their utility bills, or recharge their pre-paid SIM cards," the company said in a statement.

The service, available 24 hours a day, will be rolled out from early 2010.

Nokia said it was building up a large network of Nokia Money agents where consumers can deposit money or withdraw cash from their mobile accounts.

"We believe mobile financial services offer a market opportunity with long term growth potential," Nokia's chief development officer, Mary McDowell, said in the statement.

"In many countries, mobile phone ownership significantly exceeds bank account usage," she said noting that there are more than four billion mobile phone users worldwide compared to 1.6 billion bank accounts.

Nokia is the world's biggest manufacturer of mobile phones with a 38 percent market share. It is racing to diversify its operations as its rivals Apple and Research in Motion experience raging successes with their respective "smartphones", the iPhone and the Blackberry.

The Finnish company announced earlier this week the launch of its first mini-laptop, a highly-competitive sector currently in development.

source: msn news

  • Page 1 of 1

Go to top

Related Topics

  Topics Author Replies Views Last Post
Need Advice on Nokia 5800 Xpress Music

Author: nulz   Replies: 7   Views: 1436

nulz 7 1436 02 May 2010 at 6:39pm by mobilenewshome
Nokia phones to get Microsoft Word

Author: Salmanayesha   Replies: 0   Views: 546

Salmanayesha 0 546 12 August 2009 at 2:02pm by Salmanayesha
Nokia N96 $290, Apple iphone 16GB 3G $370

Author: phillwill01   Replies: 0   Views: 732

phillwill01 0 732 20 July 2009 at 12:28pm by phillwill01
NOKIA 5310 XpressMusic...fell in water!

Author: instantkhichdi   Replies: 0   Views: 1798

instantkhichdi 0 1798 25 June 2009 at 9:42am by instantkhichdi
Nokia 6300 Help

Author: instantkhichdi   Replies: 0   Views: 433

instantkhichdi 0 433 25 June 2009 at 5:00am by instantkhichdi

Forum Quick Jump

Forum Category / Channels
Forums

Disclaimer: All Logos and Pictures of various Channels, Shows, Artistes, Media Houses, Companies, Brands etc. belong to their respective owners, and are used to merely visually identify the Channels, Shows, Companies, Brands, etc. to the viewer. Incase of any issue please contact the webmaster.

Popular Channels :
Star Plus | Zee TV | Sony TV | Colors TV | SAB TV | Life OK

Quick Links :
Top 100 TV Celebrities | Top 100 Bollywood Celebs | About Us | Contact Us | Advertise | Forum Index