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• Oct 25, 2007 9:55 pm US/Pacific
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  Bay Area Firm Offers Cell Phone Money Transfers

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Bay Area Firm Offers Cell Phone Money Transfers

REDWOOD CITY (CBS 5) ― Western Union is getting some high-tech competition. A Peninsula company is introducing money transfers by cell phone.

Redwood City-based Obopay is offering the new service between cell phone customers in the U.S., but has plans to expand overseas. And Obopay's fees have shaken up the money-sending business, at a 10 cent flat rate.

Our video report has more.

(© MMVII, CBS Broadcasting Inc. All Rights Reserved.)