Obopay Makes Mobile Money Transfer Available to Millions

April 21st, 2008

We announced about a month ago that we released this new feature that allows you to literally transfer money to/from ANY US bank.  It’s about time we talk about it a little bit.

As far as I know, this is by far one of the most revolutionary development in the mobile money transfer space.  We now have the capability for you to send money to anyone, regardless of where you bank.  If you want to send money from Bank of America to your friend’s Citi account, no problem!  If your friend wants to send money to you from their HSBC account, he can do that too!

This is similar to a wire transfer, one of the traditional bank features.  Unlike a wire transfer though, this cost so much less.  For a limited time, Obopay will only charge you 10 cents, whereas a money transfer usually cost at least $30.

Pretty amazing if you ask me.