STAFF REPORT IBD: In order to launch mobile banking services in Pakistan, the Nokia and Muslim Commercial Bank have joined hands.
According to details, the Mobile Money Service, Nokias flagship product for mobile banking in developing countries, will be available to all MCB customers with Nokia phones.
Under this initiative, Nokia will allow mobile phone users to transfer money to another person by using the persons mobile phone number and also top-up prepaid connections, pay bills and enjoy cashless shopping.
Nokia would enable MCB-mobile money customers to not only have compelling user experiences on Nokia handsets right out of the box through a pre-loaded money client, but also by making available downloadable Money clients for MCB branchless banking customers.
It is to be mentioned here that Nokia is already offering mobile money services in the Indian market through Union Bank of India and YES BANK.