Comments on: Fundinista Obopay Gets Another $70 Million

By: Watcher

Watcher — Mon, 11 May 2009 19:35:28 +0000

Typically US centric commentary, as in if US citizens don’t go for it then it has to be a bust right? You folks should look in to the un-banked or under banked world and the use of stored value cards. Add the convenience of cellphone and you have a hit.

Cellphone technology + new uses for this technology + rampant use of the cell technology abroad= a market that someone needs to move in to

By: End of independent mobile payment players? « Convergence Commerce

End of independent mobile payment players? « Convergence Commerce — Mon, 13 Apr 2009 03:08:34 +0000

[...] is difficult to have missed the news (here, here, here) about Obopay receiving $70 million from Nokia. This is on top of the earlier round (Series D) of [...]

By: Luis

Luis — Fri, 27 Mar 2009 15:02:43 +0000

I am not surprised that solutions like obopay evolve in US. Where anything over SMS looks like a miracle or magical.

Fortunately, the future of mobile payments will not be the obopay model even if Nokia or Qualcomm keep funding them.

By: jd

jd — Thu, 26 Mar 2009 07:36:26 +0000

$140 million? PayPal raised that kind of cash but well after the model was proven.

By: Sramana Mitra

Sramana Mitra — Thu, 26 Mar 2009 01:23:15 +0000

you may want to read this interview to understand Obopay’s business:
http://www.sramanamitra.com/2008/05/23/bringing-banking-to-the-cell-phone-masses-obopay-ceo-carol-realini-part-1/

By: Rokahaykebe

Rokahaykebe — Wed, 25 Mar 2009 17:55:59 +0000

“I have yet to meet anyone who is actually using the service”

I would assume that Obopay has most of its users outside the US or is it powers mobile/micro-payments for large institutions. The money will probably be used to expand their efforts in markets such as India and Asia. And yes, “I have yet myself to meet anyone who is actually using the service”.