19 August 2017
visit www.avoka.com

Obopay partners Yes Bank for Indian launch

28 March 2008  |  4953 views  |  0 smartphone

California-based mobile payments start-up Obopay has teamed with India's Yes Bank to launch its person-to-person money transfer service in the country.

Yes Bank customers who sign up for the service at branches and ATMs in Mumbai and National Capital Region will be able to instantly transfer money to and from any mobile phone, says Obopay.

Users can either download software to their phone or use the service via SMS or interactive voice response. The recipient of any funds transferred over the system can withdraw the cash using their Yes Bank debit card.

"Together, Obopay and Yes Bank give Indian mobile consumers power over their money no matter where they are," says Aditya Menon, executive director, Obopay India. "This service is built for today's mobile lifestyle, making funds available to consumers anytime, anywhere."

Yes Bank looks set to be the first of several Indian partners for Obopay, which said in January it had struck deals with six banks and three telcos in the country.

The firm has also established a development centre in Bangalore. It will face competition from local mobile payments vendors such as mCheck and JiGrahak, which operates the NGpay platform.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Obopay gears up for Indian launch

Obopay gears up for Indian launch

09 January 2008  |  7164 views  |  0 comments
Indian m-payments outfit PayMate eyes North American remittance market

Indian m-payments outfit PayMate eyes North American remittance market

04 December 2007  |  8705 views  |  0 comments
Mobile payments to soar - research

Mobile payments to soar - research

31 October 2007  |  10324 views  |  0 comments
Obopay raises $29m in third round funding

Obopay raises $29m in third round funding

12 July 2007  |  6826 views  |  0 comments
Mobile payments set to take off in developing world - Juniper Research

Mobile payments set to take off in developing world - Juniper Research

10 July 2007  |  11158 views  |  0 comments
Verizon to offer mobile payments via Obopay

Verizon to offer mobile payments via Obopay

21 June 2007  |  6775 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.dorsum.euvisit www.abe-eba.eu

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
7832 views comments | 22 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7342 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
6110 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
6068 views 1 | 5 tweets | 3 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
5905 views comments | 11 tweets | 9 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job