Nokia is announcing today it plans to shut down its mobile payments service known as Nokia Money in India, as a part of a shift in strategy that will allow the company to more narrowly focus on its handset business and related location-based services offerings. According to a company spokesperson, "the mobile financial services business is not core to Nokia, so we plan to exit the business.
China Telecom, China’s state-owned telecommunications company, has announced its plans to introduce a mobile payment service to its 3G subscribers, allowing them to pay bills or transfer money using their mobile phones, reports Chin... Read Post
Earlier today, Nokia announced that it was launching Nokia Money, a new payment service powered by Obopay that allows users to send money to friends, merchants, and service companies simply by using their phone numbers. The service ... Read Post