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Amongst the commotion of Nokia, Intel and MeeGo at the Mobile World Congress in Barcelona, Nokia also announced that it has teamed up with YES BANK to introduce a live commercial pilot scheme of Nokia Money in India. Nokia Money will see its test debut in Pune, one of the largest metropolitan areas in India, and will be called ‘Mobile Money Services by YES BANK’. Check out the video of Gerhard Romen, Nokia’s Director for Alliances, after the break, to find out more.

Teppo Paavola, VP and General Manager of Mobile Financial Services at Nokia, stated that, “The Nokia Money initiative based on Obopay’s platform is initially targeted at growth markets and designed to work in partnership with multiple network operators and banks, involving distributors and merchants in a dynamic open ecosystem to seamlessly provide the new services. YES BANK is our first partner in India to bring this service to market”

The pilot scheme will let people transfer money to another person simply by using the persons mobile phone number. They’ll also be able to pay utility bills and top up SIM cards from the convenience of their devices.

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