We had an official press release this morning, announcing that we just hired Gregory Holmes as the President of US operations for Obopay.
“Holmes brings to Obopay 20 years of expertise in the payments industry. Prior to Obopay, he served as Senior Vice President of First Data Corporation, where he headed the Premier National Merchant Services team for the company’s largest customers. Holmes also served in senior management roles at First Data Merchant Services, Chase Merchant Services – an alliance between FDMS and JPMorgan Chase – and Visa U.S.A.”
Read the entire press release here.
Technorati Tags: news, obopay, press release, president, business
April 30th, 2008
We officially announced that we raised another $20 million worth of funding earlier today.
“Obopay, Inc., the pioneering service provider for payments via mobile phones, recently announced closing of its fourth round of venture funding, raising $20 million, and the addition of two new board members. This latest round of investment builds on Obopay’s enormous momentum in its business and high-profile partnerships.
‘This round of investment builds on Obopay’s proven success in the mobile payments market,’ explained Carol Realini, CEO of Obopay. ‘With our continuing focus on delivering services built on specific feedback from consumers, such as the ability to send money from and receive money to any US bank account, the success of our partnerships and our international expansion, we remain confident in the viability of the American – and global — mobile payments market.’
Essar Communications Holdings Limited, the telecom subsidiary of Essar Global Limited, led the round and current investors, including Alliance Bernstein, ONSET Ventures, Redpoint Ventures, Richmond Management and Richmond Global Cellular, Citi, Societe Generale, Qualcomm, and Promethean participated. New investors included Essar Communications Holdings Limited and Olayan America Corporation, a global investment office of The Olayan Group.”
You can read the rest of the press release here.
Technorati Tags: obopay, money, business, news
April 24th, 2008
Adding on to what I previously wrote, you can also transfer money from your credit card, which cost 2.5% of the transfer amount.
Oh and before I forget, here’s our press release.
April 21st, 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
I am really not trying to brag, but Obopay has been all over the news recently. I just ran a quick search on Google News and saw that we actually showed up 38 times in the last month alone. This is just for news articles, not including blogs, forums, and other websites.
A lot of it probably has to do with our two major releases this month:
- We just launched an official partnership with Yes Bank in India.
- We released a new feature that allows you transfer money to any valid US mobile phone number, regardless of their bank account. You don’t even need their banking information! You can read our press release here.
We will certainly talk about these two things very soon. But needless to say, we are pretty excited about what’s going on!
April 1st, 2008
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