ViVOtech and Obopay to Enable NFC Mobile Phone Payments

ViVOtech and Obopay have entered a partnership to allow Obopay users to access the ViVOwallet to pay for retail goods using their mobile phones. All that users have to do is wave their near field communications (NFC) mobile devices in front of one of the 160,000 retail outlets equipped with a ViVOtech point-of-sale device.

By combining ViVOwallet mobile phone software and ViVOplatform Over-The-Air Provisioning Server Software for NFC Mobile Phones with the Obopay mobile payment service, customers will be able to access Obopay’s m-commerce functions, from sharing money with friends and transferring funds using a mobile device to making physical payments at merchants sites as well as a host of financial transactions and related services using the mobile pay service.

Now, with Obopay, ViVOwallet users can use their mobile phones to make person-to-person (P2P) payments and, as well, make purchases at physical stores that are enabled with ViVOtech contactless readers.

Using Obopay mobile payment service, consumers can instantly get, send and spend money using their mobile handset. Obopay accounts can be managed completely from the mobile handset, allowing users to check balances, request payments from other mobile users and view transaction histories. The service also allows e-commerce sites to accept payments directly from Obopay accounts, eliminating the awkward process of inputting credit card information.

The companies plan to offer ViVOwallet and Obopay as a single integrated application in 2007, simplifying the person-to-person and traditional payment.

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