Nokia And Union Bank Launch Mobile Payment Services

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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Author: Dhruv Bhutani

Dhruv loves technology & is passionate about travel, science in equal measure. Currently using a ZF2. Catch him on Twitter (@DhruvBhutani) / Facebook . The metal head down the block ;)

  • Sumit Grover

    Nokia Money is a free service that aims at reducing the problems and
    risks involved with carrying cash with one self. The customer need not
    carry any cash but he can carry as much money(up to Rs.50,000/-) in his
    mobile phone. For further information on Nokia Money service, please get
    in touch with your nearest Nokia Retailer.

    Thank you.