Community
At last, the mobile telecom industry has come up with a credible challenge to the banking industry. For many years now, mobile operators and MSPs have been dabbling with financial products and payment services.
Now, mobile goliath Nokia has launched 'Nokia Money' - the new world currency? Nokia claims that there are only 1.6 Billion bank accounts to the 4 billion mobile phones in circulation. So logically, mobile operators have a head start.
See http://dailymobile.se/2009/08/26/nokia-money-a-new-mobile-financial-service-enables-financial-management-and-payments-from-a-mobile-phone/
for details.
Well, from my viewpoint, any electronic currency that replaces paper money is welcome.
Are we looking at a new world financial payments order?
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Ritesh Jain Founder at Infynit / Former COO HSBC
08 January
Steve Haley Director of Market Development and Partnerships at Mojaloop Foundation
07 January
Nkahiseng Ralepeli VP of Product: Digital Assets at Absa Bank, CIB.
Sergiy Fitsak Managing Director, Fintech Expert at Softjourn
06 January
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.