Friday, September 04, 2009

Nokia Money: Banking goes Mobile

The mobile provider introduced Nokia Money, a new service that will allow customers to do basic financial transactions through their mobile devices.

Given that there are more mobile phone users than banking customers worldwide (about 4 billion mobile phone users versus 1.6 billion bank accounts), Nokia believes the service will be of particular benefit to people with little or no access to traditional banking services. According to Nokia, transactions will be as simple as sending a text message or making a call.

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