Nokia brings mobile financial services to millions
(Thomson Reuters ONE) - Corporate news announcement processed and transmitted by Hugin AS.The issuer is solely responsible for the content of this announcement. ------------------------------------------------------------------------------------ Nokia Money, a new mobile financial service enables financialmanagement and payments from a mobile phoneEspoo, Finland - Nokia today introduced Nokia Money, a new mobilefinancial service offering consumers with mobile device access tobasic financial services. For many consumers, this will be the firsttime they have had any access to such financial services.Nokia Money has been designed to be as simple and convenient asmaking a voice call or sending an SMS. It will enable consumers tosend money to another person just by using the person's mobile phonenumber, as well as to pay merchants for goods and services, pay theirutility bills, or recharge their prepaid SIM cards (SIM top-up). Theservices can be accessed 24 hours a day from anywhere, meaningsavings in travel costs and time. Nokia is building a wide network ofNokia Money agents, where consumers can deposit money in or withdrawcash from their accounts.4 billion mobile phones but only 1.6 billion bank accounts"We believe mobile financial services offer a market opportunity withlong term growth potential. In many countries, mobile phone ownershipsignificantly exceeds bank account usage, suggesting that many mobilephone users have very limited or no access to basic financialservices. With more than 4 billion mobile phone users and only 1.6billion bank accounts, global demand for access to financial servicespresents a strong opportunity to combine mobile devices with simplebut powerful financial services such as Nokia Money", said MaryMcDowell, EVP and Chief Development Officer, Nokia.Mobile payments will be the next step for delivering financialservices to hundreds of millions of people, both urban and rural, whoare underserved by existing payment means, especially in emergingeconomies."Rural consumers will particularly benefit from money transfers and,for urban consumers used to online services, we are enabling servicessuch as payment of utility bills, purchase of train and movietickets, top-ups, all through their mobile phones. Nokia Money issimple to use, secure and available across different operatornetworks and on virtually any mobile phone. This means millions ofnew consumers will soon be able to manage all their financial needsfrom their mobile phone", said Teppo Paavola, VP and Head ofCorporate Business Development, Nokia.Building a new ecosystem for mobile paymentsThe Nokia Money service will be operated in cooperation with Obopay,a leader in developing global mobile payment solutions, which Nokiainvested in earlier this year. The service is based on Obopay'smobile payment platform, with unique and newly developed mobileelements. Nokia intends the service to be open and interoperable withother payment services as well."Obopay shares Nokia's vision for bringing mobile financial servicesto millions of people worldwide. We're excited that Nokia has chosenObopay's platform. Nokia's leading market position, strong brandrecognition and global distribution channel, using the Obopayplatform with uniquely developed mobile elements, means the NokiaMoney service is well positioned to bring the next generation ofmobile payment services to the world," said Carol Realini, Founderand CEO of Obopay.Nokia Money is the result of a powerful collaboration Nokia isforging between different partners in different markets around theworld. It is designed to work in partnership with mobile networkoperators and financial institutions, involving distributors andmerchants in a dynamic ecosystem to seamlessly provide the newservices."As a result of the innovative partnerships and comprehensiveecosystem we are forging with the banking and financial industry, aswell as leading network operators, we believe Nokia Money will bringfinancial inclusion to many who currently have limited or no accessto financial services. Uniting the strengths of the mobile andfinancial services industries will change the way people around theworld can manage their money in the future", added McDowell."Mobile financial services present a high growth sector for Nokia.Nokia's asset strengths, including consumer brand awareness,distribution capabilities and global relationships should serve aslogical and necessary extensions to drive innovation in the mobilepayments and banking sector. To be successful Nokia must provide alegitimate bridge between operators, banks networks and securityinfrastructure in order to unlock the broad uptake of mobilefinancial services," said Bob Egan, Global Head of Research and ChiefAnalyst, Towergroup.The Nokia Money service will be shown for the first time at NokiaWorld on the 2nd and 3rd of September 2009 in Stuttgart, Germany, andit is planned to be rolled out gradually to selected markets,beginning in early 2010.About NokiaNokia is a pioneer in mobile telecommunications and the world'sleading maker of mobile devices. Today, we are connecting people innew and different ways - fusing advanced mobile technology withpersonalized services to enable people to stay close to what mattersto them. We also provide comprehensive digital map informationthrough NAVTEQ; and equipment, solutions and services forcommunications networks through Nokia Siemens Networks.Media Enquiries:NokiaCommunicationsTel. +358 7180 34900Email: press.services(at)nokia.comwww.nokia.com --- End of Message ---NOKIAP.O. Box 226
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Datum: 26.08.2009 - 14:30 Uhr
Sprache: Deutsch
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