Obopay, YES BANK intros mobile payment soln

MUMBAI, INDIA: Mobile payment services provider Obopay India, a wholly owned subsidiary of Obopay USA, and YES BANK today announced an alliance to launch secure mobile payment solutions for the first time in India.

The secure Obopay mobile payment solution will allow YES BANK customers to send money from any mobile number to any mobiles instantly, either using a mobile application downloaded on their mobile phones (J2ME), or a web application having GPRS connectivity (WAP) or through the popular instant messaging services using the SMS facility.

YES BANK customers now can transfer upto Rs 25,000 per transaction to potentially 240 million mobile users in the country using the SMS facility, so long as these users are registered with the YES BANK-Obopay Mobile Payment Solution service.

Customers can also instantly withdraw cash received through such transfers from over 21,000 ATM’s across the country using the YES BANK debit card.

Aditya Menon, Obopay executive director, said, "This service is built for today’s mobile lifestyle, making funds available to consumers anytime they need it and makes your money truly mobile in every sense.”

YES BANK customers can sign up for this unique service nationally through forms available at 60 YES BANK Retail Branches and across 75 ATM’s in Mumbai and National Capital Region (NCR).