Obopay, the mobile payments pioneer, which we’ve covered for quite a few times in the past, unveiled a new offering – Mobile Money for Banks. The new offering is slated to push banks and other financial organizations in the realm of mobile payments. The solution is made to allow banks to deploy their own branded mobile money service in 30 days or less.
The following products are included as part of the deal:
- Get Paid by Obopay – Enables payments to be received for products or services, with money being received directly into the recipient’s bank account.
- Mobile P2P by Obopay – Allows bank customers to link and send money to anyone directly from their own bank account using a debit card, with Obopay taking care of validation and regulatory compliance.
- Family Money by Obopay – Enables bank customers to send money to family members for emergencies or regularly scheduled payments.
- Transfer Money by Obopay – Deals with account-to-account transfers, allowing customers to exchange funds from their bank accounts to accounts outside of their bank.
Now it’s banks’ turn to implement Obopay’s or some other solution and bring mobile payments to their customers… Additional details on Obopay’s offering are available from their website.