Roamware to boost presence in mobilr banking with Macalla acquisition

Leverages Mobile Opportunity to 'Bank the Unbanked' - a $5bn Industry by 2013, Juniper Research.

Gglobal voice and data roaming solutions provider Roamware Inc has announced that it has completed the acquisition of Ireland-based Macalla Software Ltd, a leading developer of mobile financial services (MFS) solutions.

Macalla's m-commerce and mobile banking solutions are deployed by banks and operators around the world; these solutions include credit transfer, international remittance, person to person transactions, top-up and bill payment.

With Macalla's acquisition, Roamware aims to build upon its roaming expertise and become a market leader in MFS, specifically addressing the needs of low income, unbanked communities across the world.

According to Juniper Research, the Service Provider market revenues will exceed $5 billion globally by 2013. These revenues are based on the commissions and charges acquired from the gross value of money transactions derived from mobile money transfer services and remittances. Juniper Research highlights a significant opportunity for the providers and vendors of mobile money transfer (MMT) services as the market takes off, beginning as early as 2010.

"We are clearly the market leader in roaming with over 60 per cent global market share and 382 global network operators as customers," said Bobby Srinivasan, CEO of Roamware.