Mobile payments solution provider Obopay has announced partnership with Grameen Solutions, the company globally recognized for promoting economic and social development through information and communications technology, to deliver mobile banking services to a billion of the world’s poorest people by 2018.
The Grameen-Obopay Bank A Billion Initiative will provide access to affordable financial services, including savings, cross-border remittances, money transfer, payments, and micro-credit. By empowering life and work endeavors with mobile technology that is ubiquitous even in the most impoverished and remote corners of the world, Grameen-Obopay is bringing the full power of banking to those who need it most.
Commenting on the announcement, Obopay’s Ms. Carol Realini said: “We are thrilled to embark on a partnership with Grameen Solutions, and look forward to working with them to bring truly powerful mobile banking services to people everywhere.”
Working initially in Mumbai, India and in Bangladesh, The Grameen-Obopay Bank A Billion Initiative will begin delivering services in October, 2008. For more information, log on to BankABillion.org.