According to the Ecommerce Journal, Citi has announced the end of its three year mobile money test with Obopay and also plans to abandon the relationship with with m-banking supplier Firethorn.The US largest bank has heavily financed mobile banking and payments in recent years partnering with mFoundry and contactless specialist Vivotech as well as Obopay and Firethorn.
Citi, which has also invested in Obopay, says the test has now ended and the results are being evaluated.
Citi also plans to discontinue any partnership with Firethorn. The two partnered last year to provide the bank's credit card customers with access to real-time account information via their handsets.
More Info: https://citi.obopay.com/corporate/fiFees.shtml
