Feeds

Nokia designs phone-based financial app

Handheld cash machines?

Remote control for virtualized desktops

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. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Fujitsu CTO: We'll be 3D-printing tech execs in 15 years
Fleshy techie disses network neutrality, helmet-less motorcyclists
Intel's LAME DUCK mobile chips gobbled by CASH COW
Chipzilla won't have money-losing mobe unit to kick about anymore
First in line to order a Nexus 6? AT&T has a BRICK for you
Black Screen of Death plagues early Google-mobe batch
Ford's B-Max: Fiesta-based runaround that goes THUNK
... when you close the slidey doors, that is ...
Disturbance in the force lets phones detect gestures with Wi-Fi
These are the movement detection devices you're looking for
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Designing and building an open ITOA architecture
Learn about a new IT data taxonomy defined by the four data sources of IT visibility: wire, machine, agent, and synthetic data sets.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
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.