There will be over 5 billion mobile phone subscriptions worldwide in 2010. By the end of 2009, that number had already reached 4.6 billion subscriptions, or a 67 percent global penetration rate
Source: International Telecommunications Union,
February 23, 2010
Mobile Payments market to quadruple by 2014, reaching $630bn in value
Source: Juniper Research,
May 4, 2010
Nearly half of mobile phone users worldwide to make Mobile Payments by 2014
Source: Juniper Research,
April 21, 2010
The worldwide number of users of mobile banking and related services is forecasted to grow from 55 million users in 2009 at a compound annual growth rate (CAGR) of 59.2 percent to reach 894 million users in 2015
Source: Berg Insight,
April 23, 2010
The latest annual, quarterly and monthly data reported by central banks show that officially recorded remittance flows to developing countries reached $316 billion in 2009
Source: World Bank,
April 23, 2010

netbanker

Citibank Ends its Three-Year Test with Obopay

 Link to Article

netbanker | December 6, 2009

By Jim Bruene

It appears that the Obopay/Citibank co-branded service is being shut down. From the sparse note on the webpage , it doesn't sound like a temporary hiatus:

As of Dec. 22, 2009 "Citi Obopay" will no longer be available. If you would like to use the Obopay service go to www.obopay.com. The service available at www.obopay.com has no affiliation with Citibank.

The companies have been working together on Obopay-powered mobile payment for more than 3 years.

Citi Mobile SVP Marylou Dowd said in American Banker Thursday that the Obopay tests were concluded this summer. Not coincidently, Citi's mobile joint venture MMV, announced last week that it was partnering with CPNI Inc. of Toronto to build a mobile P2P payments service.

Obopay's website still shows Citi Obopay on its Financial Institutions page. But Citigroup, which invested at least twice in Obopay in the July 2007 C-round and April 2008 D-round, is not listed on Obopay's investors page.