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Saturday, March 28, 2009 3:48:03 PM
Priyanka Joshi / Mumbai March 28, 2009, 13:51 IST
What do we make of Nokia putting up $70 million in a mobile payment company? The world's largest mobile manufacturer, Nokia is backing Obopay that basically turns a mobile phone into an interactive banking card. Nokia did not disclose the price but an SEC filing from Obopay showed the smaller firm made a $70-million equity offering.
http://www.business-standard.com/india/news/nokia-pays-70-mn-forslicemobile-payment-pie/57496/on
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