Obopay specializes in mobile payment systems. The service allows the transfer of money between mobile phones. Once a customer creates an Obopay account, money can be added 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).

The company is headquartered in Redwood City, California.

Milestones

• 2005: Company founded by Carol Realini
• March 2008: Obopay launched its services in India through a wholly owned subsidiary
• March 2009: Nokia announced that it would invest in Obopay, and later in August 2009 unveiled its service Nokia Money.
• 2010: Obopay was selected as Technology Pioneer by the World Economic Forum

More information: Obopay