Forgot your wallet? You’re safe with Obopay

Posted March 31, 2007 at 12:01 AM by Mickey Katz

Section: News, Communications, Cellphones, Mobile, Gadgets / Other

Move over Western Union, get outta here paypal, there’s a new instant money moving venture out there. Obopay uses your cellphone as well as a PrePaid Mastercard to send, receive, and spend all the greenbacks you can. After searching their site I was debating what I could use the program for. It seems pretty simple, just download the program and transfer money via text message. If your friend owes you money he or she can simply text you money straight from their Obopay account.

While all of this seems pretty convenient, the program is not as safe as a bank nor is it a means to save money. If your looking to get rid of not only cash, but your wallet or purse then this program would suit you. Where you’re going to put your PrePaid Mastercard is another question. The problem is if you are the only one with the program it is about as useful as playing catch alone, sure you can throw the ball but who’s going to receive.

This program would work swimmingly with parents who want to keep track of there college kids spending. Obopay uses an example of a daughter needing money for books, her mother simply sends her cash via text to her daughter phone and the cash is instantly transferred on their PrePaid Mastercard. I like this idea the best, and feel it would work in other situations just like this.

Read [Obopay] via [SiliconBeat]