Nokia, is now helping people in India to make money transfer easy by making partnership with Yes bank and introducing a commercial pilot project named ‘Nokia Money’ which thereby will let you to transfer money to any person by using his/her phone number.
This scheme not only helps in transferring money but also enables you to pay utility bills and recharge prepaid SIM cards i.e., SIM top-ups. Transactions could be done over WAP, SMS, WAP, IVR and FIRE. Nokia also ensured that in the coming days consumers can even pay money to merchants for goods and services using this scheme. The scheme’s trail version would firstly be launched in Pune, one of the metropolitan cities of India by name Mobile Money Services by Yes bank.
Let us see how successful, Nokia along with Yes bank would get with this new project.