- Obopay
-
Obopay, Inc. Type Private Industry Mobile payment and banking Founded United States (2005) Headquarters Redwood City, California, United States Key people Deepak Chandnani , CEO , Carol Realini , Executive Chairman Website obopay.com Obopay is a company specialized in mobile payment systems and headquartered in Redwood City, California. It was founded in 2005 by Carol Realini, current CEO.
Obopay is a service that allows the transfer of money between mobile phones. Once a customer creates an Obopay account, they can add money from a credit card, debit card, or a bank transfer. From a technical point of view, Obopay service currently works in three ways: via SMS, via Obopay mobile application (requires a smartphone), or via Internet browser (WAP).
History
The business idea came up when Realini was doing volunteer work in Africa, and she realized that many people had a mobile phone even though they did not own a wallet. She came back to USA and founded Obopay in 2005.
Obopay India's partners include Yes Bank and UBI. The 'Mobile Money Service' has been launched in 6 cities in India, in co-operation with Nokia. This service works on binary messages and its primary intent is to target rural area users most of whom do not have a bank account. The service also provides option to withdraw cash from automated teller machines and will be launched across India by the end of 2011.
On March 2008, Obopay launched its services in India through a wholly owned subsidiary.
On March 2009, Nokia announced that it would invest in Obopay, and later in August 2009 unveiled its service Nokia Money.
Obopay was selected as 2010 Technology Pioneer by the World Economic Forum.[1]
See also
References
Categories:- Mobile payments
- Payment systems
Wikimedia Foundation. 2010.
