Boost Mobile customers soon will find themselves part of the mobile payments movement, as the non-contract wireless provider adds a mobile wallet feature to its smartphones.
That mobile wallet will be powered by Wipit, a mobile payments company with a focus on providing service to the underbanked. Founders of the company include veterans of the prepaid wireless industry: John Tantum, former President of Virgin Mobile USA, Michael Lanzon, former VP of Sales and Marketing for Boost Mobile, and Job Tucker, former Director of National Sales and Distribution for Boost Mobile.
Wipit’s CEO is Richard Kang, who is also a co-founder.
The company’s technology allows users to create a free mobile wallet either online or on their smartphone. The wallet can be loaded with prepaid funds at any one of more than 10,000 retail locations in the United States.
Boost Mobile reaches more than 270 million people via its Nationwide Sprint Network. The company’s handsets are sold at almost 20,000 retailers nationwide, and its Re-Boost cards can be found at 100,000 locations in the U.S.
Based out of California and founded in 2010, Wipit demoed its technology as part of FinovateSpring 2012. Watch the presentation here.