Ad: Manage updates with the Download App
ie8 fix

obopay

Nokia invests in mobile-payment company

Nokia, the world's largest maker of handsets, supports the idea of turning cell phones into credit cards and is putting its money where its mouth is.

On Wednesday, the company announced its minority stake in Obopay, a mobile-payment company that enables people to pay for items from Obopay accounts tied to their mobile phones.

Mobile-banking services are expected to grow quickly over the next few years, especially in the developing world, where many people live in places without adequate access to banks or credit.

Market researcher Berg Insight expects the number of people using mobile-banking services to grow on … Read more

Verizon Wireless adds mobile payment with Obopay

Verizon Wireless said Wednesday that it has struck a deal with payment company Obopay to allow its wireless subscribers to use their cell phones to send money to each other.

The Obopay application lets users transfer money from an Obopay account to anyone with a cell phone number on any wireless network. The only catch is that those receiving the transfer also have to be registered with Obopay.

The application will be available on Verizon's Get It Now service, which means it will only work with devices that can access the Get It Now catalog.

Using cell phones to … Read more

Obopay is like Paypal for cell phones

Tired of carrying your wallet around? Well, how about if we say that your cell phone could replace it? A company called Obopay aims to do just that. This free mobile Web service lets you send and receive money via text messaging, a mobile WAP browser, or a mobile application that can be downloaded onto certain phones. (You'll have to check the site out to see if the downloadable app is available on your phone.) Also, when you sign up, you automatically get a $5 sign-up bonus.

The concept mirrors Paypal in a way--just send the amount you want … Read more

Helio collaborates with Obopay

Helio, that virtual carrier that doesn't call itself a phone company, has partnered with Obopay, a new mobile peer-to-peer payment system. With Obopay on your Helio device, you can get, send, and spend money directly from your cell phone via a prepaid account. You can also get an Obopay Prepaid MasterCard account that can be managed on your Helio phone. With Obopay in Helio's stable from the get-go, Helio is furthering its standing in the young-and-hip demographic. It'll be interesting to see how popular Obopay gets in such a niche market.