Obopay

Obopay is a company that provides mobile payment solutions including technology, platforms and end-to-end implementation services. Founded in 2005, Obopay offers its service to partners, providing them with the ability to bring their own branded mobile money technology and services to market. Its solution are used by companies including Nokia (Nokia Money in India), Societe Generale (Yobantel by Obopay in Africa), MasterCard (MasterCard MoneySend in the U.S.), First Data (with the STAR network in the U.S.), FIS Global (with the NYCE network in the U.S.), Essar (Yu Cash by Obopay in Kenya), Warid Telecom (Warid Pesa in Uganda) and others. The solutions offered include digital wallets, money transfer (send and receive money), disbursements, bill pay, mobile and electronic commerce, mobile phone minutes top up, cross border remittance and agent networks that enable partners to extend the distribution of financial service through new retail channels. The service works on mobile phones through multiple channels and technology types including SMS, IVR, WAP, GPRS, USSD, SIM Toolkits as well as Smart Phone applications.
History
Carol Realini founded Obopay after traveling in Africa and recognizing that while mobile phones were ubiquitous, many people didn't have access to even the most basic banking services. The company first launched its mobile money service in the U.S. in 2006. It has expanded subsequently into India and several countries in Africa.
Global Headquarters
The company is headquartered in Redwood City, California with offices in Mumbai and Bangalore in India. The company's CEO is Deepak Chandnani.
Investors
Obopay is a privately held company with funding from AllianceBernstein, Essar Telecom USA Limited, Nokia, ONSET Ventures, Qualcomm, Redpoint Ventures, Richmond Management, and Wolfensohn & Company, L.L.C.

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