Nokia India in collaboration with the Union Bank today launched a slew of mobile based banking services. Primarily aimed towards Tier 2 cities where internet banking has not achieved much growth , the mobile banking service will allow consumers to deposit and withdraw cash from select Nokia outlets in collaboration with Union Bank.
The java based Nokia Money application to be pre-loaded on select Nokia devices will allow users to easily transfer money between contacts. A security pin code will ensure that even on loosing your phone , your money remains secure. The service has been launched in the NCR area with plans to cover 26 regions by June. A pan India roll out can be expected by the end of the year.