With low-cost local brands eroding its market share, Nokia has launched two models under Rs 3,000 segment, including one with Mobile Money Application. The company has tied up with Yes Bank and Union Bank of India to offer the mobile money service.

This also marks the entry of the mobile major into the dual sim segment. The company, however, has refused to elaborate more on this service, which it said will be launched soon. This model is priced at Rs 2,000.

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