Nokia To Close Mobile Money Service In India

Nokia has announced to close down its financial service ‘Nokia Money’ in India to give maximum focus on its phone business.

Last year only Nokia had starter its financial service but it did not get any positive response to expand or continue the service in India. Another reason for Nokia to quit the business might be the tight rules and regulations in the country for operating financial business.

Nokia has cut thousands of jobs as it continues to fight back in the market.

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