Obopay has collaborated with Warid Telecom to launch a mobile banking and payment service, Warid Pesa, in Uganda. Warid Pesa provides a prepaid account that enables customers to perform e-money transactions, pay for goods and services as well as settle accounts.

Warid Pesa is based on Obopay's open and interoperable mobile money solutions.

With Warid Pesa, customers can perform several mobile money functions, including person-to-person mobile money transfer, person-to-merchant mobile money transfer, sending money to anyone, requesting money, obtain a mini statement of the account, balance inquiry, changing the Personal Identity Number (PIN) and topping up prepaid cell phones.

“We understand that financial inclusion is the most important aspect in alleviating poverty in Uganda,” said Shailenrda Naidu, chief commercial officer, Warid Telecom, Uganda. “Warid Pesa is an attempt to establish innovative and convenient mobile money transfer and payments for those who don’t have access to banking services.”