[IMGCAP(1)]

United States-based Obopay Inc. is working with Bangladesh technology company Grameen Solutions Ltd. to promote its mobile-payments system in developing countries, the companies announced last week. Obopay says the Grameen-Obopay Bank a Billion Initiative would provide financial services through mobile phones, including payments and funds transfers. The companies say they plan to deliver mobile-banking services to 1 billion consumers by 2018. The project is scheduled to start in October in Bangladesh and Mumbai.

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