Nokia Invests in Obopay Mobile Payment Company

Obopay today announced an investment from Nokia with an undisclose amount. Obopay has also named Teppo Paavola, vice president and head of Corporate Business Development at Nokia, to its board of directors. Obopay is capable for the person-to-person transfer of money on the mobile device and the ability to get instant access to money on the phone with a credit card.“This investment is a landmark