SOURCE: Kabira Technologies, Inc.

Kabira Technologies, Inc.

June 10, 2009 03:00 ET

Kabira® Technologies to Showcase Communication and M-Payment Services at GSMA Mobile Money Summit 2009 in Barcelona

Company to Demonstrate How Kabira Mobile Transaction Hub™ Delivers Scalable Targeted Mobile Money Solutions

PARIS--(Marketwire - June 10, 2009) - Kabira Technologies, a global expert in memory-based transactional computing, today announced that the company will highlight the latest developments in its industry leading real-time Kabira Mobile Transaction Hub™ (KMTH) mobile payment solution, at this year's GSMA Mobile Money Summit, the European-based event dedicated to the convergence of financial and mobile services.

The GSMA Mobile Money Summit 2009 will focus on what is new in the mobile money ecosystem and will expose attendees to successful strategies, new ideas, and key data that can be used to help develop business cases. Mobile money is becoming a mainstream business, and this year's Summit will highlight the realities behind current business models and existing deployments, as well as examine what needs adjusting as the industry moves forward.

Eric Carlier, head of the mobile payments domain for Kabira, comments, "We are extremely pleased to be part of the GSMA Mobile Money Summit, as we believe Kabira is well positioned to help operators deploy extremely efficient, highly-reliable, secure and innovative monetized services. This is due to the significant expertise and assets we have developed working with our industry leading customers in both telecom and credit card processing. 2009 and 2010 are especially exciting for us since we believe these are the years in which convergence between mobile communications and banking will grow substantially."

The KMTH solution is an open and robust real-time payment transaction processing platform that allows telecom carriers, banks and service providers that serve the unbanked and under-banked to offer a wide range of mobile payment services to their subscribers. These services include mobile airtime and money services, such as airtime recharges, money transfers and bill payments.

In 2008, Kabira's solutions managed over 700 million telecom subscribers and serviced over 15 billion card payments worldwide. Designed to meet the demands of real-time telecom business applications, Kabira's service-aware solutions are designed to provide the infrastructure capabilities required to respond to the business and technical challenges faced by mobile operators as they need to create, activate, charge and transact convergent services in real-time.

Kabira will be exhibiting at stand D7, from June 23 through June 24 at Fira Montjuïc in Barcelona, Spain.

About Kabira Technologies, Inc.

Kabira Technologies, Inc. ("Kabira") has provided proven "extreme transaction processing" software to enterprises for over ten years. Designed to meet the demands of real-time, always-on business processes, Kabira's products provide crucial infrastructure capabilities for mission-critical business applications, including card payment processing and charging and provisioning for real-time telecom services. Kabira software can be implemented rapidly with much higher performance and at substantially less cost than alternatives. Kabira products have been installed at over 100 customers, in more than 40 countries. VISA, ATT Corp., France Telecom, Bank of America, Alcatel and others rely on Kabira to support vital real-time business processes. Kabira Technologies is a privately held company.

Kabira, Kabira Charging, Kabira Provisioning and Service Activation, Kabira Payments, Kabira Mobile Transaction Hub, Fluency, Kabira Fluency and the Kabira logo are registered trademarks, registered service marks or trademarks or service marks of Kabira, and its affiliates, in the United States and certain other countries. These marks may not be used in connection with any product or service that does not belong to Kabira, unless expressly permitted by a license with Kabira, and may not be used in any manner likely to cause confusion among customers, nor in any manner that disparages or discredits Kabira, its licensor, its subsidiaries or affiliates. All other trademarks are the property of their respective owners.

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    Phone: +44 (0) 20 8322 1922