Nokia Mobile Wallet Service to go Pan-india by 2012

Nokia Mobile Wallet Service to go Pan-india by 2012

Signing up for THE fray of presenting the mobile wallet program after popular mobile company Airtel, is normally Nokia. The mobile handset making company, which with regards to saleability, may be the largest in India, is currently contemplating to increase its services through the entire sub-continent by early following year.

Speaking upon the sidelines of the start of Nokia X1-01 and Nokia C 2-00 in the Andhra Pradesh marketplace, officials said that simply by 2012, it (Nokia cellular wallet) can be a pan-India item. The focused marketplace is semi-urban and rural marketplaces and in addition below-average income urban marketplaces.

Presently, the Nokia mobile wallet facility comes in Delhi NCR, Chennai and Pune and provides forged an alliance with the Union Bank of India and Yes Bank. Nevertheless, the business is in procedure to enter talks with other main banks, that have got a pan-India existence.

The Nokia cellular wallet features come embedded with the Nokia X1-01 and the C 2-00 cell phones, and interestingly may be the only brand on the market that delivers this facility using its partner banks. Up to now, it really is just mobile company companies such as for example Airtel, Vodafone and Reliance which has initiated this service.

However, the service can be categorised into two types. Customers who don’t have sufficient identity evidence will be categorised beneath the no-frill accounts in, that your daily purchase limit will end up being specified aside from having maximum money limit. Beneath the no-frills accounts, in compliance with the RBI suggestions, the customer will receive a limit of Rs. 50,000 optimum, and daily purchase limit of Rs. 5,000.