More Players in the Mobile Money Market for Africa

Obopay already has a global money payment system and this would help them extend this service to clients in Uganda. According to a statement from both companies, this service would allow clients to perform e-transaction and payments of good and services.

Obopay is a global mobile payment’s company that helps telecoms and other organization advance their mobile money transfer objectives. It has great presence in Africa, North America and Asia.

This new partnership follows hot on the heels of Warid Telecom’s launch of Waridpesa, in late December 2011, which is a cross network money transfer and payment service. “The technology revolution is transforming Uganda’s population in a profound way and this is leading to economic development,” said minister for ICT Dr Ruhakana Rugunda.

The service follows the Kenyan M-Pesa model and it is said to be a game changer in the mobile money stable in Uganda.