Nokia Money enables consumers to pay directly from their Nokia mobile phones in India. It is currently available in Mumbai, Delhi National Capital Region (NCR), Nasik, Pune, Chennai and Chandigarh. And it will soon commence its operations in Surat, Baroda, Rajkot, Lucknow, Kanpur, Kochi and Kozhikode. Nokia Money, the mobile payment services of Nokia is looking for a pan India coverage.
An e-wallet is like a physical wallet that enables users to make electronic transactions quickly and securely, without cash. Nokia at present has a tie-up for the e-wallet facility with Yes Bank and Union Bank of India, and the company is considering for a tie-up with other banks too.
Nokia Money Services allows mobile phone users to transfer money to another person by using the person’s mobile phone number and also top up the prepaid card or pay utility bills.
[advt]Nokia’s e-wallet allows its customers to have up to Rs 50,000 in cash in their mobile phones, as per the directive from the Reserve Bank of India.
For transfering the money by selecting the person in your contacts and by entering the amount to be transferred, and does not require any mobile money ID number.
The services can be accessed even in non-Nokia handsets by the interactive voice response system (IVR), but would require the transferor and the transferee to be registered on the Nokia services system.[source]
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