Obopay announces mobile transfers using bank accounts

Obopay announces mobile transfers using bank accounts

Obopay, Inc., a service provider for payments via mobile phones, announced that customers can now use their existing US bank accounts to send and receive money via their mobile phone. With Obopay's mobile money transfer, non-customers can pick up payments without signing up for Obopay. The move towards making mobile payments seamless and increase their utility in daily life is clearly indicated, despite the increased potential for security lapses.