SlashPhone » Obopay

Nokia and Obopay Cooperate for Nokia Money Service

Kim Poh Liaw — Thu, 27 Aug 2009 08:35:44 +0000

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 their prepaid SIM cards (SIM top-up).

“Obopay shares Nokia’s vision for bringing mobile financial services to millions of people worldwide. We’re excited that Nokia has chosen Obopay’s platform. Nokia’s leading market position, strong brand recognition and global distribution channel, using the Obopay platform with uniquely developed mobile elements, means the Nokia Money service is well positioned to bring the next generation of mobile payment services to the world,” said Carol Realini, Founder and CEO of Obopay.

The Nokia Money service will be shown for the first time at Nokia World on the 2nd and 3rd of September 2009 in Stuttgart, Germany, and it is planned to be rolled out gradually to selected markets, beginning in early 2010.

Nokia Invests in Obopay Mobile Payment Company

Kim Poh Liaw — Wed, 25 Mar 2009 12:46:26 +0000

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.

“This investment is a landmark in the evolution of mobile payments. It underscores the global potential of mobile money by providing convenient access to money anytime, anywhere. Given Nokia’s position as the leader in mobile communications, we could not have asked for a better investor,” commented Obopay CEO Carol Realini.

Teppo Paavola, said, “This investment reflects our belief in the global potential for mobile payments. Obopay has consistently demonstrated its ability to redefine how people spend and send money and has established itself as the leader in a competitive landscape.”

Obopay and Grameen Solutions Partner to Offer Mobile Banking Services

Kim Poh Liaw — Wed, 06 Aug 2008 07:57:32 +0000

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.

Through the wireless mobile technology, Grameen-Obopay plan to offer cross-border remittances, money transfer, payments, savings and credit accounts services. Working initially in Mumbai, India and in Bangladesh, The Grameen-Obopay Bank A Billion Initiative will begin delivering services in October, 2008.