Tuesday, January 23, 2007 7:00:00 AM PDT | VentureDeal
REDWOOD CITY, CA -- Mobile payment developer Obopay has announced its intention to expand
with the appointment of Aditya Menon to spearhead the company's efforts there.
According to the company, India
is the world's fastest growing mobile market with more than 120 million
customers and six million new customers added every month.
Obopay's cell-phone based service allows users to send money, give gifts, pay
each other and make purchases from their mobile phone. The company is
backed by Redpoint Ventures, ONSET Ventures and Qualcomm.
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