Further to the news in March that Nokia had invested in mobile payments service provider Obopay, Nokia has now announced Nokia Money.

Nokia Money is described as a new mobile financial service offering consumers with a mobile device access...

It's been announced that Nokia is investing in mobile payments service provider Obopay.

The amount Nokia is ploughing into the company is pegged at around $70 million for a "minority stake" in the Silicon Valley-based company.