Roamware to launch micro financial apps for rural areas

By siliconindia   |   Tuesday, 27 October 2009, 19:04 IST
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New Delhi: Roamware, a provider of mobile roaming solutions is planning to launch a micro-finance application to enable mobile phone users particularly for those who do not have access to banks, to carry out financial transactions. The company has already started a pilot project on micro-finance in partnership with Grameen Bank of Bangladesh. "We are already conducting pilots on the micro-finance application. Our development team is working very closely with Muhammad Yunus, the Founder of Grameen Bank. We hope to introduce this application in India soon," said Bobby Srinivasan, CEO, Roamware. The application would be aimed at rural population across the globe which does not have proper access to banks. "The move into mobile banking and micro-financing is a natural extension for us as it leverages our customer relationships, business partnerships and technology innovation. It is a massive market opportunity for Roamware," said Srinivasan.