www.WirelessFederation.com/news: World’s first money transfer platform through mobiles in India has been announced by the global leader in the mobile handset industry, Nokia, at the Mobile World Congress in platform. Nokia has partnered Yes Bank and Obopay, which runs mobile payments platform and the pilot project has been launched in Pune.

Known as Mobile Money, the service will enable a customer to transfer money to other individuals, pay utility bills as well as recharge pre-paid SIM cards by using their mobile devices. Payment of merchants for goods and services can also be made by the consumers through their mobile devices.

According to D Shivakumar, VP and managing director, Nokia India, the service will create a financial ecosystem which is inclusive, sustainable and scalable besides competing with cash and not with plastic money adding that it will grow the size of e-transfer of money in India.

Filed under:Mobile  Tagged with:
 

Helio Signs up for Obopay

Following in the footsteps of its MVNO rival Amp’d Mobile, Helio has inked a deal to provide Obopay’s mobile payment service to its customers. Terms of the deal were not disclosed.

Obopay’s service facilitates various m-commerce functions, such as sharing money with friends and transferring funds using a mobile device, as well as making physical payments at merchant sites. The service also is linked to an Obopay Prepaid MasterCard account.

Helio members can remotely manage their Obopay accounts to check balances, view payment histories and add funds.

In mid-October, Amp’d Mobile announced it had signed a deal to gain access to the Obopay service as well.

In an effort to get the company’s offering a boost, Obopay recently signed a partnership with contactless payment solutions provider ViVOtech that enables Obopay users to access the ViVOwallet to pay for retail goods using their near field communications (NFC) mobile devices at a ViVOtech point-of-sale device, which are currently at more than 160,000 retail outlets.

In March, Obopay landed $10 million in funding, which at the time the company said it planned to use to launch its mobile payment service in the United States.

Source-  wirelessweek   

Filed under:Mobile  Tagged with: