Want to read Slashdot from your mobile device? Point it at m.slashdot.org and keep reading!


Forgot your password?
Check out the new SourceForge HTML5 internet speed test! No Flash necessary and runs on all devices. Also, Slashdot's Facebook page has a chat bot now. Message it for stories and more. ×
Businesses Cellphones

Nokia Launches Pay-By-Phone Service 34

adeelarshad82 writes "The world's top mobile phone maker, Nokia, said it would launch a mobile financial service next year targeting consumers, mainly in emerging markets, with a phone but no banking account. Nokia's Money service was based on the mobile payment platform of Obopay, a privately-owned firm that Nokia invested in earlier this year, and it is now building up a network of agents. Obopay, which uses text messaging and mobile Internet access, charges users a fee to send money or to top up their accounts."
This discussion has been archived. No new comments can be posted.

Nokia Launches Pay-By-Phone Service

Comments Filter:
  • by gravyface ( 592485 ) on Thursday August 27, 2009 @07:13AM (#29214925)
    I can see this working in a modernized market like the UK (see, "those with accounts"), but how does this help those in emerging countries with no bank accounts? Credit cards? Don't you need an account for a legitimate credit card? It's been so long since I've had mine, I can't remember. Seriously, I'm not "getting" how they plan on converting analog currency into a digital transaction with the phone and nothing else.

"Turn on, tune up, rock out." -- Billy Gibbons