Obopay is like Paypal for cell phones

Obopay is a way to transfer money with your cell phone

Tired of carrying your wallet around? Well, how about if we say that your cell phone could replace it? A company called Obopay aims to do just that. This free mobile Web service lets you send and receive money via text messaging, a mobile WAP browser, or a mobile application that can be downloaded onto certain phones. (You’ll have to check the site out to see if the downloadable app is available on your phone.) Also, when you sign up, you automatically get a $5 sign-up bonus.

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