Union Bank of India has tied with Nokia to roll out mobile payment services that are targeted at the large number of Indians who do not have banking facilities.
Nokia said on Friday,The service will enable consumers to transfer money to other persons, withdraw cash at automated teller machines (ATMs) and designated retail stores, and pay utility bills as well as recharge pre-paid mobile connections. Nokia said on Friday.
By using the service, called "Union Bank Money powered by Nokia", Union Bank and Nokia plan to take banking services to over 10 million people across 32,000 villages by 2013. The service has been rolled out in Gurgaon near Delhi, with plans for a country-wide rollout in the next few months.
Nokia said on Friday,The service will enable consumers to transfer money to other persons, withdraw cash at automated teller machines (ATMs) and designated retail stores, and pay utility bills as well as recharge pre-paid mobile connections. Nokia said on Friday.
By using the service, called "Union Bank Money powered by Nokia", Union Bank and Nokia plan to take banking services to over 10 million people across 32,000 villages by 2013. The service has been rolled out in Gurgaon near Delhi, with plans for a country-wide rollout in the next few months.
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