Pay Bill, Recharge Phones, Send Money From Your Mobile Phone

by Abhishek on March 18, 2011

Nokia and Union Bank has together partnered for the launch of Union Bank Money service which will allow users using nokia or any mobile phone powered with java to make bill payments, recharge mobiles phones, do cashless shopping and send money from their mobile phones as well.

3-18-2011 6-59-52 PM

Mobile money services by Union Bank Of India will pre installed on the upcoming nokia phones or one can pre install it on their nokia mobile devices which should support java to run this application. Some of the major key benefits of this service will be.

1. Safe & Reliable

2. No cash Loading Charges, Minimum cash loading Rs 100/-

3. No annual fees

4. No Minimum balance limit

5. Pay as per use.

What a user can do with this service.
1. Transfer money to another person just by using the person’s mobile phone number
2. Pay at participating merchants
3.  Pay  bills
4. Recharge prepaid SIM card (SIM top-up)
5. Check balances
6. Keep track of expenses and payments
7. Cash out – Every customer can be issued an ATM Card to withdraw money from any UBI ATM or they can
withdraw money at BC Agents

How To Use

  • Deposit Cash: A consumer can hand over the cash to the Union Bank of India BC agent, who will deposit the
    money into the consumer’s prepaid account. The consumer is now ready to start making payments from his/her
    mobile phone.
  • Bill pay and recharge pre paid: Consumers can use their mobile phone to pay bills (mobile, electricity, etc.) and
    do mobile prepaid recharge.
  • Pay merchants: Consumers can pay any of the participating Union Bank Money Services merchants and stores
    from their mobile phone.
  • Send: Consumers can send money to any other Union Bank Money Services user in India using their mobile
    number. The recipient will get the money in his or her Union Bank Money Services account.
  • Withdraw Cash: Cash withdrawal is available for Easy Send customers at all UBI ATMs and Union Bank Money
    agents, which may also be Nokia retail outlets.

Speaking on the launch, Mr. M.V. Nair, Chairman & Managing Director, Union Bank of India, said, “We strongly believe Union Bank Money will augment financial inclusion amongst the unbanked and under-banked consumer segments by bringing financial services through the mobile device. Technology is a great enabler for banking services and our partnership with Nokia will help us offer ‘Anytime Anywhere’ financial services to consumers across the country. Once rolled out across the nation, Union Bank Money will be the single largest network in India to provide mobile financial services to consumers in urban as well as penetrate rural areas to tap the unbanked populace.”

Gary Singh, General Manager, Nokia Mobile Payment Services ,“Conducive regulatory policies, mobile phone penetration and  government financial inclusion initiatives have come together to create the perfect moment for mobile financial services in India.  Union Bank Money leverages these building blocks to overcome traditional barriers of entry faced by first time users. The solution is accessible, easy to use, secure, and fully interoperable.  It makes mobile financial services a reality for all.”

Following are some snapshots below of the brochure and information on how to get started.


Check Out more information at this link

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