Obopay chosen as 2010 Technology Pioneer by the World Economic Forum

Obopay has been selected as 2010 Technology Pioneer by the World Economic Forum for its innovation, transformational technology, leadership and substantial long-term impact on businesses and society. Obopay is one of 26 companies from around the world to be honored with this prestigious award. In addition, Obopay is one of only 11 companies in the Information Technologies, Telecommunications and New Media category and is the only financial services provider receiving the award. The award will be presented to Obopay at World Economic Forum Annual Meeting in January. This award underscores the company's vision and corporate commitment to empowering all people with access to affordable banking.

Obopay's service allows everyone with a mobile phone to have access to banking - even people who have been underserved by traditional banking. Half of the world population is un-banked and without access to savings, credit or electronic payments. Obopay's mobile technology is the platform that is making a breakthrough by delivering unprecedented and innovative access to basic financial services to billions globally.

With services in both emerging and developed markets, Obopay is committed to delivering mobile banking and payments to all people in the way that best meets their needs regardless of geography through all operators, carriers, financial institutions, mobile handsets and merchants. With its low cost business model, Obopay enables affordable financial services through mobile communications and through its global partners including Nokia and MasterCard, Obopay is able to extend its reach to the people and businesses that need it the most.