MEDIA RELEASE PR39696
Obopay Names Deepak Chandnani President
REDWOOD CITY, Calif., and MUMBAI, India, May 25 /PRNewswire-AsiaNet/ --
Former business head of innovative Citibank Suvidha to lead global
operations for leading mobile banking and payment provider
Obopay, a leading mobile banking and payment provider, today announced
the appointment of Deepak Chandnani as president of Obopay, Inc. The
appointment is effective immediately and is a newly created position for
Obopay.
In this new role, Chandnani will lead global operations for Obopay across
all markets and geographies and continue to report to Carol Realini, Obopay's
founder and CEO. Chandnani will be based out of Obopay's Corporate Office in
Mumbai, India, while Realini will be based out of Obopay's Corporate Office
in Redwood City, CA. Having Obopay's two most senior executives based in
different corporate headquarters reflects the true global nature of Obopay's
business.
Chandnani initially joined Obopay in November of 2008 with responsibility
for operations in India, Africa and Asia. Last year, he also assumed
oversight for the company's global Sales, Marketing and Business Development
activities. This role provided him insight into the company's global
operations, and an understanding of the expectations of Obopay's partners and
customers. Throughout his tenure at Obopay, Chandnani has successfully led
the Obopay team in the development of new partnerships, and the launch and
operation of services in new markets which now span three continents, North
America, Asia and Africa.
"Chandnani's broad and diverse background compliments his general
management experiences and makes him uniquely qualified for his new role. I
am pleased that Obopay has someone of his caliber in this leadership
position," said Realini. "As Chandnani assumes this new role, we are looking
at a dynamic future as we process transactions on three continents, and
continue to position ourselves to take advantage of the appetite of consumers
for mobile money solutions. Chandnani will play a key role in increasing
operational excellence and I am glad that we have his rich experience to
complement our growth objective."
Prior to joining Obopay, Chandnani was the CEO of Wire and Wireless in
India and before that served as the Managing Director for NCR in India.
Earlier assignments included roles with Yahoo, where he established Yahoo's
first office in India, and at Citibank, where he played key roles as
Marketing Director for India and Business Head of the innovative Citibank
Suvidha liability business in India, HLL, and included an entrepreneurial
stint that provided Chandnani with key insights into the challenges and
opportunities of small, emerging growth companies.
An Economics honors graduate from St Stephens College, Delhi, Chandnani
holds a MBA from the Indian Institute of Management, Ahmedabad (IIM- A).
"Obopay is the global leader in the mobile payments space with a robust
platform, strengthened by its focus on developing successful partnerships and
on meeting consumer needs and expectations," said Chandnani. "I look forward
to meeting the exciting task of building on Obopay's market leadership
through accelerated growth worldwide, working with an excellent team to take
advantage of the huge opportunity in the mobile payments space and meeting
the needs of our partners and customers."
About Obopay
trusted, secure and interoperable mobile payments service by transforming any
mobile phone into a convenient and easy way to send and receive money.
Obopay's broad based offering addresses the needs of consumers and businesses
around the world by providing a ubiquitous service that delivers value,
empowers lives and improves opportunity for merchants both in the physical
and virtual worlds. Obopay's innovative mobile money services make it easy
for all mobile phone users to securely send and receive money, top-up their
mobile, buy online, buy via mobile, pay bills and pay small businesses.
Obopay believes the power is in the network and has established global
partnerships that include Nokia, MasterCard, Citi, AT&T, Verizon, Essar, Yes
Bank in India, Blackberry and Societe Generale. Global headquarters are in
Redwood City, CA with operations in India.
SOURCE: Obopay, Inc.
CONTACT: INDIA
Neelabja Chowdhury, Obopay,
Email: neel.chowdhury@obopay.com,
Direct: +91 22 3090 4545;
or Ketaki Manikeri / Shabori Kar
Text 100 India (for Obopay)
Email: ketaki.manikeri@text100.co.in
Email: shaborik@text100.co.in,
Direct: +91 98331 05404/+91 98207 72064
or USA,
David Schwartz, Obopay
Email: dschwartz@obopay.com
Direct: +1-650-264-2080
or Analisa Baker or Gary Thompson,
Clarity Communications (for Obopay)
Email: Obopay@claritycommunications.us
Direct: +1-415-963-4082 x101
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