Rolling out mobile payment services for the masses Union Bank of India announced a strategic partnership with Nokia. Through this partnership they have announced m-banking services available for Union Bank account holders on their Nokia handsets through a Java-based mobile application.
The service has been initiated in Gurgaon and will soon be going live in Noida, Faridabad and Delhi. A pan-India roll out is planned by the year-end. The range of services offered include money transfer through mobile phone numbers, payment of utility bills, prepaid SIM recharge and cash-out service wherein one can withdraw cash from ATMs or empowered agents.
Talking about the features of the service, Gary Singh, General Manager, Nokia Mobile Payment Services said, “The target audience of this service underbanked and the un-banked. Some of the services of the application will be nominally charged and it will be available on all handsets across the brands.”
On being asked about the objective of such a partnership for Nokia, D Shivakumar, as Vice-President & Managing Director, Nokia India stated, ” Nokia’s tagline has