Mobile Calendar: October

Payments in Developing Economies

 

Nokia Money

     

  • Collaboration between Nokia, YES Bank and Obopay launched in 2010.
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  • P2P payment platform allows users to transfer money by using mobile phone numbers. 
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  • Users can also pay utility bills and top-up SIM cards.
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  • 600M+ mobile phone subscribers in India in 2010.
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  • Mobile payments in India projected to reach $1.28 billion in 2013.
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