17Oct

Roamware speaks on making mobile money, a universal payment form at Mobile Money Global

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Roamware, Inc., the global leader in mobile roaming and mobile financial services solutions, announced that the company will be exhibiting and speaking at Mobile Money Global, Dubai between October 31st and November 3rd.

Bryan Maybury, Director Mobile Financial Services, Roamware will be a panelist on the conference session ‘Making Interoperable Mobile Money a universally accepted form of payment’ on 1st November.

“The value of financial transactions through mobile phones is estimated to reach $245bn in 2014 according to a recent Ernst &Young study. Compared to the 2009 number of $69bn, that is a quantum leap. The number of subscribers using their mobile phones to carry out financial transactions is set to jump to 340 million in the same period. Roamware’s Mobile Financial Services portfolio built on the innovative Macalla Platform has a proven track record in enabling mobile operators, financial institutions and other service providers to provide a fast, convenient and secure transaction experience to unbanked and banked mobile phone users”, said Bryan Maybury, Director Mobile Financial Services, Roamware.

The conference will be held at The InterContinental, Festival City, Dubai and is being organized by Connect World Forum.

Roamware, Inc. is the global leader in mobile roaming and mobile financial services solutions with a customer base of over 500 mobile operators across 150 countries. Roamware has an estimated 60 pc share of GSM, 3G and CDMA voice and data roaming segments.

Roamware’s mobile money, commerce, payments and banking solutions are successfully deployed around the globe by major global operators, banks and other service providers; for example Bank of Ireland, Ecobank, FETS, Illuminat, Jawwal, mPay, Permanent TSB, Viva and Vodafone. The company is headquartered in Cupertino, California with operations across the Americas, Europe, Asia, Middle East and Africa.

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20Dec

GSMA and International Finance Corporation Partner to Launch Community Power from Mobile

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GSMA and International Finance Corporation Partner to Launch Community Power from Mobile
17 November 2010, Hong Kong

GSMA

The GSMA Development Fund today announced that is has partnered with Lighting Africa, a joint IFC and World Bank programme, to formally launch the Community Power from Mobile (CPM) initiative. CPM will support and encourage mobile network operators (MNOs) and tower-sharing companies in developing countries to provide excess power generated by their base stations to local, off-grid communities.

Mobile operators have become proficient at generating their own off-grid power, typically by diesel generators, but increasingly using alternative energy such as solar and wind. Typically with more than 5 kilowatts (kW) of excess power each, the off-grid base stations will initially be used to charge a range of devices such as mobile handsets, lanterns and household batteries, and ultimately, to power, businesses, clinics, vaccination refrigerators, schools and homes. The off-grid base stations are often physically close to villages which means that communities will no longer have to waste time travelling long distances to charge devices.

“The mobile industry is experiencing unprecedented infrastructure growth in off-grid regions in the developing world, where nearly 1.6 billion people live without access to the electricity grid, and we estimate that 485 million of those have access to mobile phone services,” said Chris Locke, Managing Director, GSMA Development Fund. “As base stations are typically the only powered infrastructure within walking distance of the community, the Community Power from Mobile initiative can simultaneously improve the business case for off-grid telecoms and have significant societal impact.” Continue reading “GSMA and International Finance Corporation Partner to Launch Community Power from Mobile” »

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06Jul

Wincor Nixdorf is honored for innovative Mobile Money solution

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The 20 innovative companies honoured this year by US magazine Banking Technology News in the 9th annual issue of “The Innovators” have one thing in common: they offer the kind of risk-taking, forward-thinking products and services required by the financial services industry to leave the financial crisis behind and bring the next level of value to customers. Wincor Nixdorf was one of the honored companies, joining a prestigious line-up that includes global leaders in the retail banking and financial services industry.

The new Mobile Money ATM solution powered by Wincor Nixdorf delivers an answer to two challenges facing banks: how to squeeze more functionality out of their ATMs; and how to enable transactions via mobile phones.

Together with Sicap, a leading provider of mobile software solutions and a subsidiary of Switzerland’s leading telecom provider Swisscom, Wincor Nixdorf now offers an ATM designed for a range of Mobile Money services, including deposits and withdrawals. Under the partnership, Wincor Nixdorf delivers the terminals together with the company’s server-based software application, and Sicap designs, customizes and implements the service to meet the individual requirements of mobile network operators worldwide.

The solution also has potential applications for banks. Instead of building out their own ATM networks to offer Mobile Money services, they can use their existing ATMs running the Wincor Nixdorf mobile payment solution PC/E Mobile Transaction Services.

For a cash remittance via an ATM, a sender simply enters the phone number of the recipient and a security PIN (personal identification number) on the terminal’s touch screen and inserts the amount into the machine. The recipient can withdraw cash from any participating ATM. Or a bank customer can send the payment instructions via mobile phone, allowing the recipient to pick up the cash at the terminal.

“Demand for these kinds of services will grow as people become more accustomed to using their mobile phones for payments,” said Nicole Sturgill, research director at TowerGroup.

“Mobile Money is a growth market and of particular interest to banks and mobile network operators at the same time,” said Stefan Auerbach, Executive Vice President Banking at Wincor Nixdorf. “Our innovative, cross-sector solution offers banks an opportunity to play an active role in this new market.”

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