Nokia, the world's largest mobile phone maker, announced on Wednesday that it is has created a new way to help pre-paid customers save money.

The Finnish cell phone developer is providing a service that allows customers to dial in an amount of money they are willing to spend prior to placing a call. During the course of the call, if the amount of talk time exceeds the value inputted, the call will disconnect.

For example in many African countries, especially in urban areas, selling airtime and usage of mobile phones is very popular business, says Rauno Granath, Director, New Growth Markets, Networks, Nokia.

Nokia Cost Control makes these transactions transparent with no fear of overspending. The Nokia Cost Control solution has been designed to meet the needs of the consumers and the operators especially in new growth markets.

The solution will be provided to operators as a software implementation, and it is supported by GSM phones.