Mobile-Payments Pioneer Obopay Puts Itself on the Block As Wallet Trend Heats up

Obopay Inc., a pioneer in mobile payments whose profile fell as mobile wallets gained momentum, has put itself up for sale, according to sources familiar with the matter. Details about the sale remain sketchy, including possible valuations and the identity of bidders, but sources say the 7-year-old company and its not inconsiderable assets are on the block. “It’s in play,” says one close observer, who asked not to be identified.

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