Every year the World Economic Forum picks a couple dozen or so up-and-coming technology startups from around the world and dubs them Technology Pioneers. In the past, Technology Pioneers have included Google and Mozilla. Last year, Mint, Etsy, and Brightcove joined the club.
Earlier today, Nokia announced that it was launching Nokia Money, a new payment service powered by Obopay that allows users to send money to friends, merchants, and service companies simply by using their phone numbers. The service will be showcased in early September at the Nokia World conference, with plans to roll it out to select markets in 2010.
When news came out earlier this week that mobile payments company Obopay raised another $70 million, effectively doubling its total funding raised to date, some observers were surprised at the sheer size of the round. While others expressed skepticism that mobile payments would ever really take off, at least in the U.S.
But the bigger opportunity for Obopay and mobile payments in general is not… → Read More
Today, at the Next Web conference, I met the founders of Scred, a Finnish startup that lets friends manage their their debts to each other. Scred is an application that makes it easy to split up tabs at restaurants or bars. You can download a mobile version to your phone, for easy bill-splitting calculations after a few rounds. Competitors include BillMonk, Buxfer, and Obopay. But Scred has a few… → Read More
Steve Case wants to make some new friends on Facebook. Today, his startup Revolution Money launched a friend-to-friend payment application on Facebook called MoneyExchange (as of this writing, it is still waiting to be added to the Facebook Application directory, but click on the link above and it should take you there if you are a Facebook member). Just like PayPal, which already has an app on… → Read More
Slowly, mobile payments are starting to creep their way into the US. Though foreign countries tend to use the service more, the US will eventually catch on when we all realize that paying your bills while out and about can be easy. Verizon has now announced that it will be using Obopay’s service to allow customers to send mobile payments to each other and stores by using their cellphone. The… → Read More
Social/mobile payments site Billmonk had a mini merger with competitor Obopay last month (we called it a “battle for relevance” since PayPal has a strong product offering in the mobile space as well). Buxfer is another social money Y Combinator funded company that softly launched last September. It provides the same basic functionality of Billmonk, such as keeping a running total of… → Read More
In a battle for relevance in the mobile payments space, mobile to mobile payment service Obopay has acquired social payment service Billmonk. Neither are disclosing the size of the acquisition, which is undoubtedly a tiny and probably stock for stock deal. The integration of the two services will first let users settle the debts they tracked on Billmonk instantly over Obopay’s mobile payment… → Read More
Today Helio announced that its subscribers will be able to pay their bills via Obopay. Targeted mostly for pay-as-you-go users, Obopay is the latest in MasterCard’s way of having you spend money on their terms. It works sort-of like a prepaid credit card that you can use to top up minutes, buy crappy wallpapers, and such. But it’s also so much more! Helio says that if you have a phone with… → Read More
Update: The Obopay website is now live, although you cannot register and use the service until April. Palo Alto based Obopay is set to launch sometime Thursday (the site is currently password protected). This is the newest product in the very active mobile payments space (see PayPal Mobile and TextPayMe as well). A few more details about Obopay have come out since Matt Marshall posted a teaser two… → Read More