Obopay Confidential 1

International Forum on Remittances

Christopher Martin

Vice President and Treasurer

cmartin@obopay.com

Obopay Confidential 2

About Obopay

• Leading mobile payment service in the US

• Consumer service – direct and channel marketing – Service works on US Mobile Networks– Person-to-person service, expanding quickly

• World-class leadership team – mobile, banking, payments, technology

• Founded March 2005, Headquarters in Redwood City CA

• Soon to launch a service in India

Obopay Confidential 3

Obopay – You’ve Got Money

●Send and Receive Money instantly - Mobile money transfers:

○Send money home

○Receive money from friends, relatives, businesses, government

○Domestic today and international soon

○Pay by Mobile – replace less convenient cash and checks. Faster collections

○Pay local shopkeeper, taxi, bills

○Buy tickets, minutes, goods and services

○Businesses and governments can collect quickly and efficiently

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Leveraging the ubiquity of mobile phones -Obopay is Carrier and Bank agnostic

Mobile ApplicationMobile BrowserSMS

Our Target Segments

Family Plans (Family & Friends)

Merchants(Mobile, Web and Retail)

Bill Pay (Professionals and Youth)

Domestic & Int’l Remittance (Professionals and Foreign-born)

“With Obopay I can send myKids’ allowance from my phone whilewaiting for my flight” (Busy Dad)

“I receive a notification and pay my bills while watching a football game with friends” (Youth)

“From my phone, I can send money hometo my family” (Foreign-born)“While on the go, I can make purchases either

from the phone or with my card” (Professional)

Our Partnership Approach

Obopay Direct Citi Obopay

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Sending Remittances with Obopay• You sign up with Obopay and set your remittance targets•You can now send remittances anytime, anywhere right from your phone or from the Obopay website.•You select Remittance and the person from your list that you want to send money to •You then enter the amount and your PIN and confirm your payment•The that you sent the money to receives a notification of the payment with instructions on where to pick up the money.

Send Money

RemittanceBalance

Get Money

Balance

Amount$

PIN

RemittanceMinal

Sunny

Aditya

Confirm Payment

Send $120 to Mom

SendOK

OK

ReceiptRemittance to Mom for $120 was sent on 6/12/2007

Trans ID: 61234

OK

120.00

****

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Leverage 65K Obopay Cashload locations in the US for collecting funds for Remittance• Load networks supported include:

• Walmart, Wallgreens, RiteAid, CVS, RadioShack, Eckerd, Valero, Kangaroo

• Wells Fargo, Wachovia, US Bank, Bank One • Ace Check Cashing

Send Money

Remittance

Balance

Get Money

Balance

Cash Load Location Leverage

Obopay Confidential 9

Open to Partnerships

Sending Agent

Money transfer Operator Country A

Money transfer Operator Country B

Dispersing Agent ReceiverSender

Debiting Banks Crediting Banks

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Obopay – US Leader of mobile person-to-person

● Leader in the US, India underway, significant opportunity globally● Proven service

● Tier I partnerships

● Willing to Partner to provide mobile remittances globally● Mobilizing existing players to provide reach to all mobile phone

subscribers in the US.

● Key Differentiators ● Strong mobile reach, cross bank platform, remittances from US,

track record of working with Tier I banks and carriers.