Obopay

Obopay is trying to make m payments real.

With Obopay, you can:

- Send money immediately from your phone to friends
- Get paid on your phone
- Buy stuff on your phone

Basically, it turns your phone into a prepaid Mastercard -- you transfer money to your phone, and then you can spend it as you like.

The costs?
- 2.5% to add money to your phone from a credit card or debit card
- Free to add money directly from your bank account
- 10 cents every time you want to send money somewhere
- Free to get paid or receive money

Compatibility?
- Works via SMS on all carriers except AT&T
- Also works from the mobile web: wap.obopay.com

Secure?
- PIN-based every time you send money
- Multiple layers of encryption algorithms so transmitted data cannot be compromised


Sounds pretty cool. It's not brand new, but still somewhat in its infancy. I'm going to try and report back in.

Anyone else actually using this? Do you like it?