Another bank is adding mobile banking to their system. Cellular South and BancorpSouth have announced their new partnership. “Cellular South customers who bank with BancorpSouth will now be able to check their accounts, pay bills and transfer money with their phones.” Read the article here.
Another sign to show that the mobile banking industry is growing fast. Being able to transfer money on your phone is totally unheard of just a couple years ago. Now banks all across the world is trying to add this feature to their bundle of services for the customers.
Technorati Tags: mobile, mobile banking, money, cellular south, bank, banks, money transfer, pay bills
May 7th, 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.
April 21st, 2008
In addition to our new partnership with YES Bank, we have also announced that we are in talks with a few other banks as well.
“We are in talks with a large public sector bank, a foreign bank and three private sector banks (for the tie-ups). We expect to announce these agreements in the next few months,” Obopay’s Executive Director Aditya Menon told reporters.
Due to the sensitivity of the matter, we are not allowed to discuss the names of these banks. Click here to read the article.
April 4th, 2008
As some of you probably already heard, we have officially expanded into India! About a week ago, we announced that we just reached a partnership with YES bank.
Taken directly from our press release:
“With Obopay, YES BANK customers securely and instantly transfer money to and from any mobile phone number with Obopay’s mobile application, text message or mobile Web. YES BANK customers can instantly withdraw cash received using their YES BANK debit card.”
Read the whole press release on Forbes.
India’s mobile market is growing fast. For 2008, they have been adding more than 8 million customers a month! Needless to say, we are really excited about this new opportunity.
April 4th, 2008
Losses driven by housing, economy could take place within next 18 months
read more
April 3rd, 2008
SIGN UP FOR OBOPAY!
Spanish
Chinese
Portuguese
French
German
Italian
Japanese
Korean
Russian