Obopay, a mobile payments company headquartered in the US state of California, has partnered with Warid Telecom, a Pakistan-based postpaid cellular phone service provider, to launch a mobile banking and payment service in Uganda called Warid Pesa. Warid Pesa allows customers to transfer money to other people and merchants, request money, obtain statements, obtain account balances, change personal identity numbers and top up prepaid phones for themselves or others.
The Warid Pesa platform can be used on any cellular device, including pre-paid mobile phones. Clients can access services via text message, interactive voice response or wireless access point. Deepak Chandnani, the CEO of Obopay, adds that “optimum security has been provided for payment transactions to ensure that there is no money laundering and the users’ hard earned money is safe.”
Obopay currently offers services in North America, Kenya, Senegal and India. Warid Telecom has branches in Pakistan, Bangladesh, Uganda and the Congo.
About Obopay
Obopay, Inc is a mobile-payments company founded in 2005 that has offices in the US state of California and the Indian state of Mumbai. Obopay’s services include money transfer, mobile and online commerce, minutes top-up, bill payment and cash loading and unloading. These services are offered in Kenya, Senegal, India and North America. As of 2012, Obopay has 12 partners, some of which include Nokia, MasterCard, Societe Generale and Essar. Financial information and customer numbers for Obopay are unavailable.
By Charlotte Newman, Research Associate
Sources and Additional Resources:
Fin Extra: “Obopay Partners Warid Telecom to Launch Warid Pesa in Uganda,” http://www.finextra.com/news/announcement.aspx?pressreleaseid=42738
MicroCapital.org story, October 6, 2009, “MICROCAPITAL EVENT: Mobile Money Transfer (MMT) APAC Conference & Expo, December 8-9, 2009, Manila, Philippines, Sponsored by Obopay,” https://www.microcapital.org/microcapital-event-mobile-money-transfer-mmt-apac-conference-expo-december-8-9-2009-manila-philippines-sponsored-by-obopay/
MicroCapital.org story, November 30, 2011, “MICROCAPITAL BRIEF: Ugafode Receives Microfinance Deposit-Taking Institution License from Bank of Uganda,” https://www.microcapital.org/microcapital-brief-ugafode-receives-microfinance-deposit-taking-institution-license-from-bank-of-uganda/
MicroCapital Universe Profile: Obopay
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Obopay%2C+Inc
Browse the MicroCapital Universe and add your entry to the wiki at https://www.microcapital.org/microfinanceuniverse/
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