Fundinista Obopay Gets Another $70 Million

6 thoughts on “Fundinista Obopay Gets Another $70 Million”

  1. “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”.

  2. 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.

  3. 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

This site uses Akismet to reduce spam. Learn how your comment data is processed.