Nokia’s extreme dieting continues as it kills off Nokia Money

Nokia to shut Indian mobile money service

“The mobile financial services business is not core to Nokia so we plan to exit the business,” said a spokesman for the company.

 

If you thought Nokia had finished its program of slimming down, think again. The axe is being wielded on Nokia Money as the company seeks to reinvent itself as a lean’n’mean mobile player. The mobile payments and cash management service was launched in India late last year, but both complex financial regulations and the fact it’s outside of Nokia’s core business prompted its early closure. Instead, it’ll concentrate its efforts on its smartphones designed for emerging markets like the Asha: with the aim of connecting the “next billion” people to the internet.

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