Feeds

Nokia designs phone-based financial app

Handheld cash machines?

Internet Security Threat Report 2014

Nokia has realised that there’s money to be had in… er… money, so has announced that it will launch a mobile phoned-based financial service.

Unimaginatively called Nokia Money, the service will enable you to send money to someone else using their mobile number. You'll also be able to buy goods and services, pay utility bills and recharge pre-paid SIM cards using the service, Nokia added.

The Finnish phone firm is keeping mum about Nokia Money’s full feature set until the Nokia World event next week, but you won’t be surprised to learn that many of the service’s features will be based on technology currently used by money transfer firm Obopay, which Nokia recently invested in.

Obopay works by linking bank accounts to mobile phone numbers. So, tell the service to credit 07904531089 with £20 and it will automatically deposit the sum into the bank account linked with that telephone number.

It’s reasonable to assume that Nokia Money will be rolled out as a downloadable application through the firm’s online Ovi store. The service will operate 24 hours a day, Nokia added.

Nokia is currently building a network of agents willing and able to work with the service. Nokia Money will begin operating early next year. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Chipmaker FTDI bricking counterfeit kit
USB-serial imitators whacked by driver update
Xperia Z3: Crikey, Sony – ANOTHER flagship phondleslab?
The Fourth Amendment... and it IS better
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Microsoft to enter the STRUGGLE of the HUMAN WRIST
It's not just a thumb war, it's total digit war
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
FTDI yanks chip-bricking driver from Windows Update, vows to fight on
Next driver to battle fake chips with 'non-invasive' methods
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.