Obopay launches mobile payment service

Obopay introduced a mobile payment service that rivals PayPal's recent introduction allowing users to make purchases and receive funds on their phones. The startup unveiled a downloadable application that enables real-time purchases and transfers on any Web-enabled phone. Obopay CEO Carol Realini said the company is in discussions with "every carrier" in the U.S. about deploying the service. PayPal is using text messaging to allow transactions, which means customers can use phones that aren't Web-enabled.

For more about Obopay's mobile wallet plans:
- check out this article from RCR Wireless News

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