Banking

on your Mobile

2

• The majority of consumers express interest in mobile money offerings

– Source: InStat, January 2010

• More consumers interact with their mobile devices than with online banking

– Source: Compete Inc.

• Consumers strongly prefer financial services to be offered through their bank vs. another third party

– Sources: Compete Inc. and Obopay primary research

10%

26%

64%

Not interested Not sure Interested

Good News for the Banks

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Cash still represents the most common consumer payment option with less than 30% of all small businesses accepting any form of electronic payment.

– Nielson Report, 2009 and Payment News, March 2010

Mobile Money Replaces Check and Cash Transactions and Turns Cost Into Revenue.

Good News for the Banks

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“Any bank that isn’t looking at how to enter the mobile money market as quickly as possible is risking the loss of business to competitors, carriers, or PayPal. Given the considerable level of consumer interest, what banks need is a solution that is easy to implement, inexpensive and fast to deploy. We should anticipate a wave of bank deployments over the next six months.”- Bob Hedges, Managing Partner, Mercatus

The First Wave Of Mobile Payments Bypassed Banks

Banks Need To Avoid Being Disinter mediated

Corporate Website

Mobile Money for Banks

Mobile Money for Banks, is a quick and easy to deploy bank-branded service that makes your account the anchor for mobile transactions.

Read our http://blog.obopay.com/Corporate Website

Thank You

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