Nokia have unveiled a first of its kind mobile wallet. If you are surprised when I say the first of the lot, please read further. Nokia Money as it is called is like having digital cash in your mobile. It is different because you will not need to have a bank account or internet. Register at the nearest Nokia retail shop and load your wallet with the digital money. Since it is closed you will not need to have Know-Your-Client (KYC) document. The digital cash can be used for making payments using an SMS.
I will list 3 highlights of Nokia money to differentiate from the others
1. Nokia Money is independent of any operators or banking networks.
2. The app is available on the existing Nokia handsets. Hence can be used by all the people irrespective of the handsets.
3. Nokia Money works over SMS and thus giving flexibility to the users.