With the pilot project in Pune doing extremly well, Nokia expects mobile money transfers to take root and grow.At a strategy sharing session recently Nokia described its vision for mobile money services roll-out in India,a business with enormous revenue potential.
The RBI has permitted YES Bank to provide mobile money services in association with Nokia.(Obopay,a Californa-based compay in which Nokia has a stake offers the technology back-up for YES Bank).The pilot in Pune will end in a couple of months,the result of which will presumably be inputs for the RBI to regulate the roll-out of the services in India(BL 30-04-2010)
Monday, May 3, 2010
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