Nokia Money to arrive in 2010

After releasing details of its Office deal with Microsoft and the latest updates to its Ovi package, Nokia has now announced a new financial service for mobile phones that should be available in early 2010.


Created in conjunction with Obopay, the service basically allows your phone to act as a 24/7 mobile payment platform. Hence, you will be able to send money to someone by doing nothing more than keying in that person's phone number. It will also allow you to pay for goods and services, utility bills and recharge prepaid SIM cards.


"Rural consumers will particularly benefit from money transfers and, for urban consumers used to online services, we are enabling services such as payment of utility bills, purchase of train and movie tickets, top-ups, all through their mobile phones. Nokia Money is simple to use, secure and available across different operator networks and on virtually any mobile phone. This means millions of new consumers will soon be able to manage all their financial needs from their mobile phone", declared Teppo Paavola, vice president and Head of Corporate Business Development at Nokia.


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