Nokia Takes Minority Stake In Mobile Payments Provider Obopay
Handset giant Nokia (NYSE: NOK) has invested an undisclosed amount for a minority stake in Obopay, the Redwood City, California-based mobile payments provider. Obopay said it would use the funding, which comes directly from Nokia itself, and not its venture capital fund, to
you may want to read this interview to understand Obopay's business:
http://www.sramanamitra.com/2008/05/23/bringing-banking-to-the-cell-phone-masses-obopay-ceo-carol-realini-part-1/