The company says the Payment Solution is a platform that collects, manages and clears payment intuited from mobile phone users through various payment methods, such as credit and debit cards, operator’s pre-paid system, and a virtual purse, an integrated pre-paid account for specific applications.

Mobile users of WAP and Web-enabled terminals can purchase not only digital content, services, and products but also goods from vending machines as well as pay for services, such as parking fees. In addition, users can choose the most suitable payment method for each transaction; therefore, they are locked into any one pre-set method.

Operators using Nokia’s Payment Solutions can assure their subscribers that whether they are paying for a soft drink or making a bill payment their transaction will be issued securely. According to Heikki Heinaro, director of Mobile Internet Applications, operators and service providers will "become a consolidated channel, the trusted party, for all mobile payments." The solution supports flexible and secure authentication of payers without sacrificing the user-friendliness of services.

• Network independence, server based solution supporting access to WAP 1.1 and 1.2.
• Third generation mobile e-commerce applications will be supported.
• Authentication and digital signatures between client and server are fulfilled by Wireless PKI technology.
• Merchant Tool Kit, which enables content providers and merchants to price digital content and goods sold over the mobile Internet, is included.