Union Bank and Nokia launch mobile payment services

The mobile payment service is available to consumers in Gurgaon, and will be soon go live in Delhi, Faridabad and Noida

Leading the way in mobile financial inclusion, Union Bank of India and Nokia has launched 'Union Bank Money powered by Nokia' service across India, starting with the National Capital Region. The service is already available to consumers in Gurgaon, and will be soon go live in Delhi, Faridabad and Noida. This will be followed by a nationwide roll-out over the next few months.

The service specifically targets users, who do not have a bank account, by providing access to financial services through their mobile phones and driving financial inclusion. The service will enable consumers to transfer money to other individuals, withdraw cash from business correspondents cash-out outlets (registered Nokia stores) and ATMs, pay utility bills as well as recharge prepaid SIM cards (top-ups) by using their mobile devices, eliminating the need for intermediaries and delivering true convenience.

On Friday, Union Bank ended 1.39% down at Rs332.60 on the Bombay Stock Exchange, while the benchmark Sensex declined 1.49% to 17,878.81.

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    COMMENTS

    nokiamoneydelhincr

    9 years ago

    Nokia Money is a free service that aims at reducing the problems and risks involved with carrying cash with one self. The customer need not carry any cash but he can carry as much money (up to Rs. 50,000/-) in his mobile phone as he desires. For further information on Nokia Money service, please get in touch with your nearest Nokia Retailer or contact Nokia Care at 1800 3000 1122.

    Sumit

    9 years ago

    Nokia Money is a free service that aims at reducing the problems and risks involved with carrying cash with one self. The customer need not carry any cash but he can carry as much money(up to Rs.50,000/-) in his mobile phone. For further information on Nokia Money service, please get in touch with your nearest Nokia Retailer.
    Thank you.

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