Nokia announced “Nokia Money” back in late August 2009 and with it the promise to deliver a service that would let anyone with a mobile phone send and receive money using nothing more than a text message or phone call. Here we are, several days before the start of July 2011, and the Finnish handset maker has just now announced that Nokia Money is finally coming to market; India only for now. The service works thanks to partnerships with Union Bank of India, Yes Bank, and Obopay, which Nokia invested roughly $70 million in during March 2009. What about devices? The first handset to ship with Nokia Money preloaded will be the X1-01, one of Nokia’s first dual SIM devices, but nearly every phone... »read more

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