Nokia today introduced Nokia Money, a mobile financial service, which will offer basic financial management and payments from a mobile phone. It will allow you to send money to another person, using just their mobile phone number, pay for goods, services and bills or recharge pre-pad SIM cards. Financial services are widely considered a very significant market opprtunity for the future: there are 4 billion mobile phones, but only 1.6 billion banks accounts.
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Well I'd never guess that would happen, seems Stefan was (partly) right.
There's a 2 yeard old TED video where Jan Chipchase from Nokia talks about how mobilephones are changing deloping world. It also included quite a bit about how in many places in Africa mobilephones had become means of transferring money to people with no banking access. Nice to see Nokia following that idea.
That video:
ted.com/talks/jan_chipchase_on_our_mobile_phones.html
The idea's been around for a while but credit to Nokia for having the courage to go for it. It really could be very revolutionary in 3rd world countries.
that's better than iTunes.
You wouldn't want Jan Chipchase running your bank.
Paypal mobile?
Unregistered wrote:Paypal mobile?
(IMHO) Basic banking & money transactions to the 75% of humanity. The 75% that can't afford afford or aren't wealthy enough for banks to take notice.
Paypal is just a way for the 25% to buy more useless crap on-line.
I can see it now...
"What do you mean, all my money is gone?"
-"Well sir, that version of the firmware has a bug, if you upgrade to the latest version this problem has been fixed"
No, Celios, it'll be more like this:
"What do you mean, all my money is gone?"
-"Well, sir, there's a bug in that firmware version. If you buy the updated model, you will find that the 'accidental' bug has been fixed."
Here's my story on Obopay, it will give you details about who and what is behind the Nokia payment solution:
http://tinyurl.com/nokiaobopay
One look at Ovi should be enough to make people run from this "service" faster than a cat can lick its ass.
Nokia is again showing how they are connecting people, the masses out there.
Excellent initiative !!!