Nokia introduces Mobile Money Client on all Nokia devices

New Delhi, India, June 27, 2011 : Nokia today announced that it has started to embed the Mobile Money client in all Nokia devices in India going forward. The Mobile Money service provides the unbanked and under-banked masses, access to financial services through their mobile phones, thus empowering people and their businesses. As part of Nokia's vision of enabling a broad community with financial services, the Money client is available not only on high end Symbian Smartphone devices, but also on Nokia's Series 40 feature phones, as well as the Series 30 entry level devices and support both keyboard, touch and combined devices. Speaking on the occasion, Gary Singh, General Manager, Nokia Mobile Payment Services, said, At Nokia, it has been our constant endeavor to democratize experiences, products and platforms for consumers. Mobile Money services eliminate dependence on the physical presence of a branch or availability of internet banking services. Embedding the Money client in the Nokia devices going forward further makes the service ubiquitous and accessible for consumers across categories. We believe our partnerships with Yes Bank and Union Bank of India will help us connect the unbanked population in the country by leveraging the wide reach of our combined networks and the deep penetration of mobile services in the country."he further added. Mobile Money Service allows users to avail multiple financial services functions such as Account management with detailed balance information, tracking of each transaction, details of each transaction done, Bill payment, Money transfer, Cash withdrawal from Business Correspondents cash-out outlets (registered Nokia stores) and ATMs, Prepaid SIM top-up, Tell a friend. Consumers who already own a Nokia phone without the Mobile Money client can simply visit a Nokia Money agent and get the application loaded onto their existing phone. They can also use the service via text messages, which do not require the client.