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Obopay, a company which facilitates payments by SMS in the U.S. and India, just recieved a cash infusion from handset giant Nokia for the estimated sum of $70 million. As a result of the investment, Nokia’s head of corporate business development, Teppo Paavolo, will have a seat on Obopay’s board. How Nokia flexes their muscle with Obopay is yet to be seen, but it sounds to me like Nokia has found a new partner for the Ovi Store. BlackBerry has opted for the more established PayPal for their upcoming App World, but Nokia has tended to think a bit more outside of the box. It will be interesting to see if Nokia finds other points of integration with Obopay…
[via AP]
About The Author
Simon Sage
Simon Sage’s education largely surrounded writing, technology and online community, leading him to begin his blogging career at www.BlackBerryCool.com and to quickly discover a vibrant and active community surrounding BlackBerry and mobile technology. In exploring RIM’s platform, he has learned what enterprises are looking for in mobility as well as what makes the innocuous BlackBerry so appealing to them. Recently Simon’s been covering RIM’s gradual move into an already-crowded consumer market, and the impact of burgeoning challengers, such as the iPhone, as well as long-time leaders, like Nokia, on BlackBerry’s advancement. With plenty of content under his belt, Simon will be branching off a bit to see what other smartphone manufacturers are working on while still using BlackBerry as a barometer. At IntoMobile, you can count on his posts being even-handed, well-informed and thought-out.
