Nokia Doing Paypal-Like Payments with Cell Phone Numbers
August 26, 2009 Leave a Comment

Nokia has announced a new way to pay (like Paypal) a mobile payment service. Although this will undoubtedly not take off in the United States, the European and other Asian regions would see Nokia Money facilitate a mobile payment system. With this new venture, Nokia hopes to brand themselves as the phone payment service of the world. Too bad mobile banking is not as widely used or accepted in the North Americas.
Press release:
Nokia Money has been designed to be as simple and convenient as making a voice call or sending an SMS. It will enable consumers to send money to another person just by using the person’s mobile phone number, as well as to pay merchants for goods and services, pay their utility bills, or recharge their prepaid SIM cards (SIM top-up). The services can be accessed 24 hours a day from anywhere, meaning savings in travel costs and time. Nokia is building a wide network of Nokia Money agents, where consumers can deposit money in or withdraw cash from their accounts.








Recent Comments