Wednesday, July 11, 2007

Obopay Secures $29 Million for Payment-by-Mobile

Obopay, a start-up based in Redwood City, California, raised $29 million in third round funding for its payments-by-mobile service.

Obopay delivers instant payment solutions that allow consumers, merchants, banks and carriers to embrace mobile payments. The company has alliances with Verizon Wireless, Citi, and America Online.

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