Mobile Payments Leader Continues to Expand Consumer Marketing Efforts With
New Add-On to Recent Round
REDWOOD CITY, Calif., Nov. 16 /PRNewswire/ -- Obopay, the first
comprehensive mobile payment service in the U.S., today announced it has
received from Wolfensohn & Company, L.L.C. an add-on investment to the
strategic round announced last September.
Obopay will leverage the additional investment to further expand its
marketing and operations efforts to more quickly capitalize on the rapidly
growing opportunity for mobile payments in the U.S. The company will
continue to work closely with mobile operators, merchants and financial
institutions to provide consumers with greater options and a seamless
experience with the Obopay mobile payment service.
"To receive this kind of support from such a well-known financial
leader and global player further validates our leadership in this rapidly
growing market," said Carol L. Realini, CEO and founder of Obopay. "We are
excited to be working with Wolfensohn & Company whose support and financial
industry expertise will go a long way toward the widespread adoption of
mobile payments."
With the Obopay mobile payment service, consumers can instantly get,
send and spend money using their mobile handset. Obopay accounts can be
managed completely from the mobile handset, allowing users to check their
balances, request payments from other mobile users and view their
transaction histories.
"Mobile phones will be to money what the iPod is to music," continued
Realini. "And Obopay is doing much to turn that vision into reality by
offering anyone with a mobile phone flexible, affordable, and instant
access to money from the palm of their hand no matter where they are."
About Obopay
Obopay is the first complete mobile payment service in the U.S. that
instantly lets consumers get, send and spend money directly from their
mobile phones to anyone, anywhere, anytime. The Obopay management team is
comprised of former executives from Visa International, Microsoft, Yahoo,
Expedia, AT&T Wireless, Western Union, First Data Corporation, Norwest Bank
and Chordiant Software. Obopay was founded in 2005 and is based in Redwood
City, Calif. For more information, please visit http://www.obopay.com .
About Wolfensohn & Company, L.L.C.
Founded by James D. Wolfensohn in 2005, Wolfensohn & Company, L.L.C. is
a private investment firm and an advisor to corporations and governments.
Prior to founding Wolfensohn & Company, Mr. Wolfensohn was President of the
World Bank Group from 1995 to 2005. Before joining the World Bank, Mr.
Wolfensohn was President and Chief Executive Officer of James D. Wolfensohn
Inc., an investment firm that advised major international and U.S.
corporations.
Media Contact:
Chris Blake
MSR Communications
415-987-0662
chris@msrcommunications.com, for Obopay
SOURCE Obopay
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Related links:
http://www.obopay.com/
CONTACT:
Chris Blake of MSR Communications,
+1-415-987-0662, or chris@msrcommunications.com, for Obopay
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