18 March 2011
Sonam Gulati

"Rolling out mobile payment services for the masses Union Bank of India announced a strategic partnership with Nokia. Through this partnership they have announced m-banking services available for Union Bank account holders on their Nokia handsets through a Java-based mobile application.

The service has been initiated in Gurgaon and will soon be going live in Noida, Faridabad and Delhi. A pan-India roll out is planned by the year-end. The range of services offered include money transfer through mobile phone numbers, payment of utility bills, prepaid SIM recharge and cash-out service wherein one can withdraw cash from ATMs or empowered agents."

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