PURCHASE, N.Y. – MasterCard yesterday said it has signed with Obopay to offer a fully-integrated, on-demand, person-to-person mobile payment service in the United States.
Obopay, based in Redwood City, Calif., is one of the leaders in mobile payments services.
The service, offered via MasterCard’s MoneySend, will give new and existing MasterCard-issuing customers the ability to provide an innovative mobile payments service to their MasterCard cardholders on all credit, debit and prepaid MasterCard-branded products.
The company said the new Mobile MasterCard MoneySend Person-to-Person service will give participants the freedom and flexibility to directly, easily and securely send and receive funds through any registered cardholder's mobile phone. The service will make mobile money transfer seamless for millions of consumers. Participants will use mobile numbers to send and receive funds, keeping their payment account numbers private.
