Obopay announces Nokia investment

Posted: 27 March 2009

A company involved in mobile payment technology has announced new investment from Nokia.

Obopay has revealed a partnership with the Finnish manufacturer - which in the past has been involved in the development of Near Field Communications systems - that will benefit future operations.

The group said the Nokia funding was a "resounding endorsement" of its recent achievements in bringing mobile payments to the mainstream handset market.

Carol Realini, chief executive of Obopay, commented: "Given Nokia's position as the leader in mobile communications, we could not have asked for a better investor."

The Finnish firm's vice-president and head of corporate business development was also recently unveiled as the latest member of Obopay's board of directors.

Near Field Communications is a technology that allows mobile phones to wirelessly connect to other devices at close range - making it ideal for payments and ticketing.

Do you think paying with a mobile will take off?
Copyright © 2009 MobileShop.com