Societe Generale, Obopay bring Mobile Money to Africa

Societe Generale and Obopay have announced their partnership to bring mobile payment services to banked and unbanked customers who have access to a mobile phone. The partnership between the companies is intended to make mobile payments available in new markets with the first stage of the initiative being launched in Senegal through Societe Generale de Banques au Senegal (SGBS).

The new service offered as "Yoban'tel by Obopay", is a carrier-agnostic, mobile money transfer and bill payment service that is available to all the people of Senegal with a mobile phone. Users can enroll for a mobile payment service and load or pick up cash at designated locations throughout Senegal. They can also use the service to send money to anyone throughout the country or to pay a bill.