Nokia Money, a great new mobile financial service that offers users financial management and payments from a mobile phone.

Nokia Money is a simple service that has been designed to be a convenient way for consumers to send money to another person just by using their mobile phone, by sending it to another mobile phone number. They can also pay utility bills, or even recharge their pre pay SIM cards.

The service will be accessible 24 hours a day from anywhere at all. Nokia will also be establishing a Network of Nokia Money agents, where consumers will be able to deposit money or withdraw funds from their accounts. Excellent idea Nokia, when you think that there are 4 billion mobile phones out there but only 1.6 billion bank accounts.! Source – nokia.com