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Nokia just became PayPal with the launch of Nokia Money; built on top of Obopay
IntoMobile - Cell Phone News, Information, and Analysis —
... to build on top of Obopay’s mobile payment platform. More details will be revealed next week and it can not be stated enough how important this is at helping Nokia remain relevant going forward. In my open letter to Nokia earlier this month, I told them to become a bank. I hope this is the first of many steps in achieving that transformation.
Full press release after the jump, with relevant information made bold.
Nokia Money, a new mobile financial service enables financial management and payments from a mobile ...
Nokia Money enables payments from mobile phones
SlashGear —
... Nokia has announced that Nokia Money will be available to consumers next year. The Money service is designed to allow users of Nokia handsets to send cash to other users by sending a text message. The service will also allow users to pay merchants, bills, and recharge pre paid phones. ...
Nokia announces Money – send and receive money via Mobiles
Tech Ticker —
... Money agents, buy movie tickets, pay utility bills, recharge mobile accounts and more.
Nokia Money service will be operated in co-operation with Nokia invested Obopay, which is a global mobile payment solution. In fact, we think this service will work in a way like mChek and ngpay and the only novel factor are the agents.
Nokia is planning to show the service at the Nokia World on Sept 2 & 3 and will roll out gradually from early 2010.
Press Release
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New Nokia Money Mobile Financial Service: payments from phone and management
Phones Review —
... The service will be accessible 24 hours a day from anywhere at all. Nokia will also be establishing a Network of Nokia Money agents, where consumers will be able to deposit money or withdraw funds from their accounts. Excellent idea Nokia, when you think that there are 4 billion mobile phones out there but only 1.6 billion bank accounts.! Source - nokia.com ...
PayPal’s Fate Now Rests With Developers
GigaOM —
... the verge of a dramatic evolution thanks to the proliferation of mobile devices as well as social sites like Facebook. It’s not just that these changes are creating an app economy, it’s that any economic engine needs oil to run smoothly, and e-payments are that oil.
The tricky part for PayPal is that it’s not the only one trying to benefit from these trends. Google has made its Checkout available on mobile devices. Nokia’s purchase of Obopay is helping it develop Nokia Money, another mobile payment system. Amazon’s Flexible Payment System, ...
