Nokia Money brings mobile b...
08/26, 11:25am
Nokia Money
Nokia this morning unveiled a new payment system, known just as Nokia Money, that could bring banking to the poor or those in developing countries that lack the usual choices. Based on Obopay's existing cellphone payment system in North America and Europe, it uses existing phone features to pay for items in stores but also to pay bills, other people, and for the phone service itself. By moving these to the phone, the feature could be particularly useful to those who may live out of reach of a bank or who can't justify the cost of visiting one.