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March 30, 2006

Another Mobile Payment System

by Darla Mack

Obopay_1 Another new mobile payment system is making its way to the top claiming to be the first in comprehensive mobile payments.  This one actually has a downloadable app that you install on your phone.

According to the Press Release, once consumers download the Obopay app they will be able to manage their entire account from the mobile device such as transferring money, checking balances, reviewing transaction history and more.

"Obopay has built the first mobile payment service that will deliver on the powerful capabilities of connected mobile devices to become the central instrument of consumer commerce," said Carol Realini, CEO of Obopay. "The service we offer consumers today is like none that has ever been available in the U.S. And as we work in the coming months to bring financial services, wireless carrier and retail partners into this new world of mobile commerce, consumers are going to continue to discover new and exciting ways to use Obopay on their mobile device to get, send and spend money."

Obopay like Paypal also gives you access to your funds via debit card which can be used at any retailer that accepts Mastercard.

Obopay will not be available for download until April 15th but consumers can visit the website to learn more about the service.

via:  Press Release


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