Nokia is positioning its new 6212 handset as a mobile payment device, with users storing credit card information on the device and accessing accounts online directly from the handset. The phone can be set to allow payment only after the user enters a secondary passcode to authorize it. Such e-payment options may require a service subscription with a carrier or merchant, as well as the installation of a secure payment application, Nokia said.

The Nokia 6212 classic will be available in the third quarter in parts of Europe and Asia; its estimated price is 200 euro or $316.

Read the full story in Informationweek here.