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MasterCard partners with Obopay to offer P2P mobile payments |
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MasterCard signs an agreement with provider of mobile payments services Obopay to launch a fully integrated on-demand person-to-person mobile payment service in the US.
The service, offered via MasterCard MoneySend, will give new and existing MasterCard issuing customers the ability to provide a mobile payments service to their MasterCard cardholders on all credit, debit and prepaid MasterCard-branded products. The new Mobile MasterCard MoneySend Person-to-Person service allows cardholders to send and receive funds through their registered mobile phone, while keeping their payment account numbers private. According to a TowerGroup study, adoption of consumer mobile banking has quintupled in the past 12 months from 1.1 million active users in 2007 to 5.7 million active users today. The research firm says that the mobile payments developments will continue to grow as mobile consumers become increasingly comfortable with converging technologies on their mobile devices. |
