Nokia invests in Obopay
Payments provider for mobile phones Obopay, Inc. announced that Nokia has invested in the company, an endorsement of its ongoing innovation in mobile money technology.
Obopay will use the minority investment to aggressively extend their product suite and enhance their global presence, as mobile devices become constantly more integrated into the daily lives f the world’s 4 billion mobile customers.
“This investment is a landmark in the evolution of mobile payments. It underscores the global potential of mobile money by providing convenient access to money anytime, anywhere. Given Nokia’s position as the leader in mobile communications, we could not have asked for a better investor,” Obopay CEO Carol Realini said.
Financial details of Nokia’s investment were not disclosed.