Homesend - New Agreement Signed


 

TIDMESG 
 
 
eServGlobal Limited 
18 February 2010 
 
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eServGlobal Limited (LSE: ESG & ASX: ESV), a provider of smarter transaction 
management solutions in Charging, Payment, Retention and Network Services, today 
announces an agreement  for its HomeSend remittance platform between Belgacom 
International Carrier Services (BICS) and G-Xchange (GXI), a fully-owned 
mobile-commerce subsidiary of Philippines' Globe Telecom. 
The agreement provides for GXI's existing number of remittance corridors to be 
expanded using the HomeSend Remittance Hub.  The HomeSend service, created in 
partnership with BICS, provides a mobile-centric approach to international 
remittance which represents a significant new step in mobile payment. It allows 
subscribers of any mobile operator connected to HomeSend to transfer money 
electronically via a cellular phone to a GCASH subscriber. 
This new cooperation, therefore, provides increased choice and convenience for 
Filipinos living or working overseas when sending money home to their families 
and friends in the Philippines. 
The first interoperability tests between GCash, the fastest growing mobile 
wallet service in Asia, and HomeSend, eServGlobal's mobile centric hub for 
international remittances, have been successfully completed.  Three corridors 
will initially be launched in the coming weeks, namely between Belgium, UK and 
USA, and the Philippines, but will be extended in the near future towards other 
sending markets with large numbers of overseas Filipinos. 
eServGlobal began investing in the development of HomeSend in 2007. It was a 
strategic undertaking in collaboration with BICS to provide an easy to use 
software as a service offering for mobile-to-mobile money transfer at a fraction 
of the cost for subscribers. HomeSend is the only mobile-centric international 
remittance hub endorsed by the GSMA and with this new deal, the company is now 
beginning to see the fruits of its labour. With the Philippines on board, 
customers will now be able to access the third largest remittance recipient 
market in the world. 
About eServGlobal 
eServGlobal is listed on the Australian Securities Exchange (ESV) and the London 
Stock Exchange AIM (ESG). More information can be found at: www.eservglobal.com 
 
For further information, please contact: 
+--------------------------------------------+-------------------------+ 
| eServGlobal                                |                         | 
|                                            | www.eservglobal.com     | 
+--------------------------------------------+-------------------------+ 
| Katia Hilal, Marketing Director            | T: +33 6 87 96 52 24    | 
| katia.hilal@eservglobal.com                | F: +33 1 46 12 77 49    | 
|                                            |                         | 
+--------------------------------------------+-------------------------+ 
|                                            |                         | 
+--------------------------------------------+-------------------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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