{"id":7608,"date":"2012-03-12T08:00:47","date_gmt":"2012-03-12T08:00:47","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=7608"},"modified":"2012-03-12T08:00:47","modified_gmt":"2012-03-12T08:00:47","slug":"nokia-closing-mobile-money-services","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/mobile\/7608\/nokia-closing-mobile-money-services\/","title":{"rendered":"Nokia closing mobile money services"},"content":{"rendered":"<p>Nokia said on Monday it has decided to close down Nokia Money, a financial service targeted for emerging markets, as it focuses on the phone business and location-based services.<\/p>\n<p>Nokia opened the financial service across India only late last year and was planning to expend to several other emerging markets.<\/p>\n<p>Financial services are seen as one of the major business opportunities in the wireless sector, but so far have become a big business only in Kenya and the Philippines, as tight regulations and the lack of a business model have restricted takeup elsewhere.<\/p>\n<p>Nokia is in the midst of revamping its operations under Chief Executive Stephen Elop, who was hired in September 2010 to turn around the company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nokia said on Monday it has decided to close down Nokia Money, a financial service targeted for emerging markets, as it focuses on the phone business and location-based services.<\/p>\n","protected":false},"author":7,"featured_media":1233,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[25,957,189,187],"class_list":["post-7608","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mobile","tag-active","tag-ewallet","tag-mobile-2","tag-nokia"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/7608","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=7608"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/7608\/revisions"}],"predecessor-version":[{"id":7609,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/7608\/revisions\/7609"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/1233"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=7608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=7608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=7608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}