Mobile Payment Roundup: Paymate-US Market; Obopay-Six Banks; HDFC-MWallet
By Nikhil Pahwa - Fri 07 Dec 2007 03:08 AM PST
-- Paymate, a mobile payment startup funded by Sherpalo Ventures and Kliener Perkins Caufield & Byers, is planning to enter the North American market, looking at international money transfers, reports Red Herring. It isn’t the only mobile payment startup looking beyond India: MChek, funded by DFJ, had tied up with operators in Sri Lanka earlier this year.
-- HDFC Bank is set to introduce a mobile wallets and remittances soon reports Trading Markets and Sify. The bank is considering both debit card and credit card services on mobile phones for transactions, Rahul N Bhagat, EVP of retail banking said on the sidelines of the Banktech Congress in Mumbai.
-- Obopay India has reportedly tied up with six private banks to launch a peer-to-peer (p2P) and peer-to-merchant payment systems. Aditya Menon, Executive Director for Obopay India told ET that the company has completed pilot projects and the banks have received central bank approvals, though he didn’t specify which banks. Any guesses? Some details at their site here.
Posted in: E-commerce, Mobile
