Obopay’s new Indian headquarters is headed by former Yes Bank CIO Aditya Menon
Source ZDNet India.
Original article available here.
MUMBAI, January 9 – Obopay, the U.S.-based pioneers in mobile payment services, announced its formal entry into the Indian market. Obobay India is headquartered in Bangalore and headed by Aditya Menon.
Obopay is a pioneer in mobile person to person (P2P) money transfer and remittance services, and the only service provider that operates cross-bank, cross-channel and cross-operator. Obopay India will be a catalyst for financial inclusion in India, by providing payment services to any one with a mobile phone.
“It is a foregone conclusion that there are more people with mobile phones than bank accounts in India. Our aim is to reach every Indian with a mobile phone and enable them to make financial transactions from their cell phone, in partnership with banks. The Indian market has both the need and maturity for a mobile payment service based on cutting edge technology and strategic business relationships,” says Aditya Menon, Executive Director, Obopay India.
Among the benefits that Obopay India will bring to mobile users in India are P2P Money Transfer; Prepaid Top-up; Post-paid Bill Pay; MFI Payments & Collections; Salary Payments; Ticketing for Railways, Buses, Airlines, Cinemas and Events; Insurance Collections & Payments; International Money Transfer; Merchant Transactions; Brokerage Payments; Government Payments; Mobile and TV Content purchase and TV Merchandise.
Obopay’s services are intended to work on any phone using any carrier.
Similar Posts:
- MICROFINANCE PAPER WRAP-UP: “Mobile Money, Interoperability and Financial Inclusion;” by Markus K Brunnermeier et al; published by National Bureau of Economic Research (NBER)
- MICROCAPITAL BRIEF: Moniepoint Microfinance Bank Launches Mobile Banking App, Debit Card in Nigeria
- MICROFINANCE PAPER WRAP-UP: “Driving Digital Financial Services in Africa Through Merchant Acceptance of Digital Payments,” published by Alliance for Financial Inclusion (AFI)
- MICROCAPITAL BRIEF: Network International Unveils “Networkpay” Tools for SMEs in Egypt to Accept Digital Payments
- MICROCAPITAL BRIEF: Papara of Turkiye Acquires Rebellion Pay Mobile Money Service from Beka Finance of Spain in Cash, Equity Deal
