Global Mobile Payment Solutions Company, OBOPAY Looks at Strategic Partnerships to Fuel Its Growth
A pioneer in mobile payments, OBOPAY was started with its own mobile payment service in the US in 2005 and with Nokia Money in India in 2008. It provides payment products, solutions, services and business consulting to companies across sectors such as telecom, finance, banks and retail to name a few. The company provides best-in- class technology by providing a unified, robust and secure interface for all payment solution needs. The key current clientele of the company is spread across 11 plus countries and 3 continents - Asia, Africa, North America – and includes brands like Airtel, Allianz, Telecel, Azam Group etc.
While the erstwhile OBOPAY was founded in 2005 in US, 2013 saw the company go completely private. OBOPAY started afresh with a new scope (from being to B2C company to a B2B company) and a new vision in 2013. Mr. Shailendra Naidu is heading the organization as the CEO.
OBOPAY operates through a technology platform called EVOLYS that facilitates Banks, Financial Institutions, Telcos, Independents to offer their customers a range of solutions including Digital Wallets, Mobile App Framework, P2P, P2G, G2P Transfers, International Remittances, Airtime Top-up, Bill Payments, Merchant Payments, PoS Payments, E-ticketing, Loan Payments, Billing System for business, Gift Cards/Coupons, Individual/Group Savings Accounts, Open / Closed Loop Cards, Standing Instructions, Linked Bank, Card Account etc.
The company enables these enterprises in offering mobile money solutions to retail and enterprise customers. OBOPAY handles the complete technology, development and management of the service. In addition to technology, the company also provides customised solutions and revenue consulting services to its clients.
The company is present in 4 out of the top 5 global mobile money markets and has handled 3 billion transactions with zero fraud cases and zero variance. The platform is present in multiple language capability; Evolys is offered in 10 languages such as English, French, Spanish, Arabic, Swahili etc.
OBOPAY has experience of Integrating with 45 banks worldwide resulting in building a Versatile connector framework. The company offers best cost to service ratios and powers one of the world's largest and most complex mobile money ecosystem. Another unique feature is that the company has the capability of handling largest installation processing over 1 billion transaction a year.
OBOPAY is probably the only company with experience in 4 of the top 5 global mobile money markets. The company provides payment technologies, solutions and consulting services and is the only company around which is built ground-up; incepted to specifically offer mobile payment systems.
OBOPAY has grown manifold - from being in just one country, the company today has experience in 11 countries across Asia, Africa and North America. The company has turned into a zero debt, cash positive entity and all its current growth needs are met by its internal accruals. OBOPAY is looking at strategic partnerships which would further fuel its growth ambitions.
The value of global digital payment transaction in 2020 is estimated to be $4-5 trillion. Digital payments value in India by 2020 is expected to be $500 billion. OBOPAY intends to capture a large share of this pie.
With presence in 4 out of 5 top mobile money markets, OBOPAY is operating in 11 plus countries across 3 continents. OBOPAY intends to consolidate its presence in Africa, further advance in Asia and North America and make inroads into Europe.
