Nokia introduces mobile money system

27 August 2009 — 5:30 PM

The money service could help all types of user

Those who have freed up cash by recycling mobile phones may be interested to know that Nokia is to launch a new money management system for their handsets.

The Finnish mobile provider is introducing Nokia Money, a mobile banking system which allows users to organised money transfers or pay bills via their phones.

It is hoped that the system, which is to be rolled out gradually from the beginning of next year, will make such financial transactions as simple as sending a text.

Nokia also claims the service will enable a range of convenient new options for customers, such as buying train or cinema tickets through their handsets.

Mary McDowell, executive vice president and chief development officer at Nokia, said: "Uniting the strengths of the mobile and financial services industries will change the way people around the world can manage their money in the future."

This comes after the firm earlier this week announced that it will be launching a new Windows-based laptop PC which it claims will offer mobility and connectivity.

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