Nokia announced that it will offer its mobile financial service called Nokia Money, which provides convenient mobile money transfer service by making a voice call or sending an SMS. It will enable consumers to send money to another person just by using the person's mobile phone number, as well as to pay merchants for goods and services, pay their utility bills, or recharge ... continued »

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. continued »

Obopay and Grameen Solutions announced a partnership and aim to deliver mobile banking services to a billion of the world's poorest people by 2018. The Grameen-Obopay Bank A Billion Initiative will provide access to affordable financial services. continued »