Mobile payments are now a common trend and Nokia, the world leader in mobile communications, has just invested in Obopay in a resounding endorsement for Obopay’s ongoing innovation in mobile money technology.

“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,” commented Obopay CEO Carol Realini.

Obopay will use this minority investment to aggressively extend their product suite and enhance their global presence, as mobile devices become constantly more integrated into the daily lives of the world’s 4 billion mobile consumers.

(Source) Press