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Nokia And Union Bank Launch Mobile Payment Services

Submitted by on March 18, 2011 – 2:57 pm

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.

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Dhruv Bhutani is a technology enthusiast who is always in sync with the latest and greatest in tech. He is currently using a Nokia Lumia 1020, HTC Butterfly S and whatever device he is reviewing at the moment. Suomirock ftw! . Catch him on Twitter @DhruvBhutani , you can also reach out on Facebook or .