Obopay Names Chris Martin General Manager For North America

REDWOOD CITY, Calif. and CHAMPLAIN, N.Y., May 3, 2012 /PRNewswire/ -- Obopay, a leading provider of mobile and instant payment solutions for market-leading brands, today announced that Chris Martin has been promoted to General Manager for North America. He will serve in the new position in addition to his role as Executive Vice President of Global Operations. In both roles, Martin will continue to report to Obopay President and CEO, Deepak Chandnani.

In his new role at Obopay, Martin will assume full responsibility and have business development and P&L oversight for Obopay's North American business. Martin also continues to have global responsibility for operations, IT infrastructure / data centers, program management, quality assurance, risk mitigation and compliance leadership. Previously at Obopay, Martin oversaw the build out and daily guidance of Obopay's global operations, Treasury & product management organization. He also serves as Obopay's Chief Compliance Officer and under his leadership Obopay has developed a significant competitive advantage in the licensing and compliance expertise that the company has built. These enable Obopay to serve as a trusted service provider for industry leading partners and deliver them unique and differentiated services accelerating their time to market.

"Chris' leadership background in the Financial and IT industries combined with his experience guiding global operations and compliance at Obopay makes him uniquely qualified for his roles as general manager for North America, as well as EVP of global operations," said Obopay CEO Deepak Chandnani. "As the company continues to position itself to address the growing appetite of our partners for mobile solutions, Chris will play a key role in focusing our North American business while also increasing operational excellence. I am glad that we have someone with his rich experience to lead our North American objectives."

Martin brings to Obopay nearly a quarter-century of experience in leadership roles supporting finance and IT functions at major international corporations. Prior to joining Obopay in 2007, Martin served as director of finance and treasury at Yahoo! where led the finance-program management office and built the international treasury operations and compliance infrastructure supporting 27 countries. Before Yahoo!, Chris also held leadership roles in Finance and IT at Unisys, Allstate Insurance and EF Hutton.

Martin, who will be headquartered at Obopay's corporate offices in Redwood City, CA, earned an MBA from Kent State University, a BA from Iona College and holds the Certified Cash Manager (CCM) designation.

About Obopay

Founded in 2005, Obopay (www.obopay.com) is a global mobile payments company that provides the most comprehensive solutions and expertise to help our partners succeed. Obopay's mobile money solutions enable a full range of payment flows that address the needs of consumers and businesses around the world by providing a service that delivers value, empowers lives, and improves opportunity for merchants. Obopay goes to market with industry leading partners in each geography. Partners include Societe Generale, Union Bank of India, Yes Bank, MasterCard, First Data (STAR), Discover (PULSE), Warid and more. The company's offering enables services that financial services and mobile partners can offer using their own brands and can implement quickly at low deployment cost. Obopay is headquartered in Redwood City, California, with offices in Mumbai and Bengaluru in India, along with presence in Paris, Bogota and Singapore.

For more information about Obopay, visit www.obopay.com.

SOURCE Obopay