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Nokia Money: How to pay money using your mobile phone

Mumbai, 14 December 2011: Nokia has announced the launch of Nokia Money, the financial service of the company in India.

Nokia Money is like a wallet on phone as it lets people transfer money through the mobile phone. Subscribers also can pay utility bills and top up SIM cards. There will also be the facility to pay for goods and services.

By using this facility a person living in one place can transfer the money to another person not having bank account and the latter can receive the money from Nokia dealer in his area.

To use Nokia Money, the customer has to visit the Nokia store, register and pay cash and load money to his mobile phone. He can then use this cash for any transaction through an sms.

Nokia Money is independent of mobile operators or bank. It can be used along any operator and works via sms, gprs, 3G or Wi-Fi.

The service was earlier launched with Loop Mobile and now it has been launched India wide.

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