The software, which needs to be downloaded to any web-enabled phone, allows users to make person-to-person cash transfers and get instant access to money on the phone with a companion debit card. The card can also be used at any retail establishment that accepts MasterCard.
According to Obopay, once consumers download the software they will be able to manage their entire account from the mobile device – transferring money, checking their balance, even reviewing their transaction history.
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 US. 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.
