Posts Tagged ‘ obopay ’

Nokia announces mobile payment service Nokia Money

Nokia has announced a new mobile payment service, under the name Nokia Money
The service is targeted mainly at countries with a limited bank infrastructure. Argumenting that there are 4 billion mobile phones worldwide, compared to only 1,6 billion bank accounts, Nokia considers the mobile phone as the perfect device to facilitate a payment or a money transfer. 

Nokia will be using the tchnology of Obopay, a company they acquired recently.   To use the Nokia Money service, one must have an Obopay account on which money has been transferred.

The service will be available in certain markets early 2010.