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December 15th, 2011 
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Nokia Launched Nokia Money in India.This service is used to make payments without having bank Accounts
“There is a need for alternate financial payment instruments in India and mobile offers the perfect mass platform to deliver these. Transaction costs through banking correspondents is almost a tenth cheaper and for customers using mobile for money transactions the cost are even lower,” said Gary Singh, general manager, Nokia Mobile Payment Services.
This service is a complementary to the existing Nokia Money Services .This service is set up with Union Bank Money and Yes Bank Money .
Customer who are start with Nokia MOney can upgrade to these services also like person to person money transfers and cash-withdrawals.
To enable this service people need to go to their local authorised Nokia retailer , who can set up this service on their phone,the customer pay cash to the agent and digital cash transferreeed to their phone in an instant SMS message. This is mainly used to settle utility bills,phone topups,insurance premiums.