Obopay partners with Warid Telecom in Uganda

Obopay has partnered with Warid Telecom to launch a mobile banking and payment service called Warid Pesa, in Uganda.

Warid Pesa provides a prepaid account that enables customers to perform e-money transactions, pay for goods and services as well as settle accounts.

The service is based on Obopay's mobile money solutions and offers- person-to-person mobile money transfer; person-to-merchant mobile money transfer; sending of money to anyone; requesting of money; and balance inquiry.

''Our platform is ideally suited for the Uganda market. The service encompasses not only the needs of the consumer, but also is beneficial for retailers, agents and merchants,'' said Deepak Chandani, CEO, Obopay.

''Warid Pesa is an attempt to establish innovative and convenient mobile money transfer and payments for those who don't have access to banking service,'' said Shailenrda Naidu, COO, Warid Telecom, Uganda.

The technology has been created for all types of cell phones and its solutions are accessible via SMS, IVR, WAP, and USSD channels.