Compelo Banking is using cookies

We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.

ContinueLearn More
Close
Dismiss

Obopay launches new money transfer service

Obopay, a service provider for payments via mobile phones, has announced that its customers can now use their existing bank accounts to send and receive money through their mobile devices.

By linking an existing checking or savings account – at any American bank – with Obopay, customers can send money directly from and receive money into that account using any mobile phone. Anyone can pick up money received by having it deposited directly into their existing bank account or by requesting a check, without having to sign up with Obopay.

The company said Obopay can be added to an existing bank account or used with a separate Obopay account, or both. Users don’t need to know a recipient’s banking information to send money, just their mobile phone number is sufficient.

Carol Realini, CEO of Obopay, said: Obopay’s mission has always been to provide the best tools possible to conveniently get, send and spend money from any mobile phone. Now we provide it directly from any bank account. This is a significant enhancement of our features, and one that is based on direct feedback from our users.