TIDMESG
RNS Number : 0738B
eServGlobal Limited
11 February 2011
HomeSend - new agreement signed.
Paris: 11 February 2011
eServGlobal Limited (LSE: ESG & ASX: ESV), a global telecoms
software vendor specializing in Mobile Money and Value-Added
Services (VAS), today announces an agreement for the HomeSend
remittance platform between Belgacom International Carrier Services
(BICS) and MTN Ghana (MTN).
The agreement provides for MTN Mobile Money customers in Ghana
to receive funds to their mobile phone via the HomeSend Remittance
Hub. MTN will follow the launch closely with a view to bringing it
to MTN's other operations later.
This new agreement provides increased choice and convenience for
Ghanaians living or working overseas, starting with the UK and
Belgium, when sending money home to their families and friends in
Ghana.
According to Informa Telecoms & Media by 2013 the global
international mobile money transfer gross transaction value is
expected to reach $47.9 billion. Moreover, the Bank of Ghana states
that international remittances received by private individuals in
Ghana amount to more than $1.2 billion annually.
The agreement with MTN Ghana is of particular significance, as
they are the first member of a major operator group to join the
hub.
The HomeSend mobile remittance hub is based on eServGlobal's
technology and offered through BICS (Belgacom International Carrier
Services). It is operated by both companies on a commission-based
revenue share model. HomeSend, which benefits from a first mover
advantage, is the only mobile-centric international remittance hub
endorsed by the GSMA.
With existing remittance corridors operating between countries
such as The UK, the Philippines, Belgium and Morocco, HomeSend
allows subscribers to transfer any type of funds, such as airtime
and cash, using only their mobile phone. Various fund sources can
be used such as eWallets, bank accounts and credit cards. HomeSend
transfer fees are also significantly less than those of traditional
international remittance avenues.
"HomeSend has been developed with the specific objective of
providing the world's 200 million international migrant workers
with access to a cost-effective and easy-to-use mobile money
transfer service," said Craig Halliday, CEO, eServGlobal, "We are
proud to be developing innovative technologies that will
fundamentally change the way that these people can send their money
around the world."
The BICS and MTN release is attached to this announcement.
About eServGlobal
eServGlobal specializes in Mobile Money solutions and
Value-Added Services (VAS), to help Telco Service Providers
increase their revenue and gain and maintain customer
ownership.
eServGlobal invests heavily in product development, using
carrier-grade, next-generation technology aligned with the
requirements of more than 60 customers in over 45 countries. For 24
years, mobile, fixed, Internet and multiplay telco providers have
used our capabilities to lead and innovate in their local markets,
leveraging their core assets and their trusted agent and subscriber
relationships.
With 13 offices globally, eServGlobal provides full "end-to-end"
and "any account to any account" Mobile Financial Services and
International Money Transfers.
Our Value Added Services in promotions, loyalty, messaging, and
multiplay are focused around the transaction and enable service
providers to engage with the subscriber in a personalized and
dynamic manner.
To reduce time-to market and manage exposure to CAPEX, we now
offer multiple licensing alternatives, including SaaS-based
flexible, revenue-share pricing.
eServGlobal is listed on the Australian Securities Exchange
(ESV) and the London Stock Exchange AIM (ESG). More information at:
www.eservglobal.com
About HomeSend
Developed by eServGlobal and operated by BICS, the HomeSend
service is the first mobile centric global hubbing service for
international remittance, airtime exchange and roaming recharge to
be endorsed by the GSMA. For more information on HomeSend, please
see www.homesend.com.
For further information, please contact:
eServGlobal www.eservglobal.com
Alison Cheek, Communication Manager T: +33 6 87 96 77 46
alison.cheek@eservglobal.com F: +33 1 46 12 77 49
PRESS RELEASE: MTN AND BICS LAUNCH MOBILE REMITTANCE SERVICE TO
GHANA
Johannesburg, South Africa - Accra, Ghana - Brussels, Belgium -
11. February 2011
MTN and BICS have announced today that they will launch
International Remittances services with MTN Ghana, utilizing
HomeSend, a mobile centric remittance hub operated by BICS and
powered by its technology partner eServGlobal.
"To start with Ghanaians living in the UK and Belgium can remit
funds cost-effectively and instantly to the mobile phones of their
family or friends who are MTN Mobile Money customers in Ghana, via
HomeSend" said Bruno Akpaka, GM Mobile Money, MTN Ghana. More
countries are expected to be added soon.
International remittances have already become a significant
portion of mobile payments, allowing subscribers to easily and
quickly transfer money internationally using their mobile phones,
and the market is continuing to grow as it allows access to
unbanked populations. According to Informa Telecoms & Media, by
2013, the global international MMT (mobile money transfer) gross
transaction value is expected to reach $47.9 billion. Moreover, the
Bank of Ghana states that remittances received by private
individuals in Ghana amount to more than $1.2 billion annually.
HomeSend is BICS' leading international remittance solution, and
the only mobile-centric international remittance hub endorsed by
the GSMA. It allows subscribers to transfer any type of funds, such
as airtime and cash, using only their mobile phone. Various fund
sources can be used, such as eWallets, bank accounts and credit
cards. HomeSend transfer fees are also significantly less than
those of traditional international remittance avenues.
Pieter Verkade, Executive Mobile Money for MTN Group said "In
line with our ambition to bring new services to our customers
through Mobile Money we are happy to see the start of international
remittance with HomeSend in Ghana, we will follow the launch
closely with a view of bringing it to our other operations
later."
Frederic Schepens, SVP Mobile Financial Services at BICS said
"We are proud to work with MTN Ghana as the first of the MTN Group
companies to benefit from the HomeSend service, and look forward to
expanding the number of active mobile remittance corridors across
other key African markets during 2011."
About MTN Group
Launched in 1994, the MTN Group is a multinational
telecommunications group, operating in 21 countries in Africa, Asia
and the Middle East. The MTN Group is listed on the JSE Securities
Exchange in South Africa under the share code: "MTN." As of 30
September 2010, MTN recorded 134.4 million subscribers across its
operations in Afghanistan, Benin, Botswana, Cameroon, Cote
d'Ivoire, Cyprus, Ghana, Guinea Bissau, Guinea Republic, Iran,
Liberia, Nigeria, Republic of Congo (Congo Brazzaville), Rwanda,
South Africa, Sudan, Swaziland, Syria, Uganda, Yemen and
Zambia.
About BICS
BICS delivers best in class global solutions for Voice,
Messaging, Roaming, Connectivity and Mobile Financial Services to
hundreds of telecommunication providers around the world. With our
passionate and creative teams located in Brussels, Bern, Monaco,
Dubai, Singapore and New York, we continuously strive to provide
our customers with the highest levels of quality, reliability and
interoperability that enable them to maximise end-user value. Our
innovative approach is visible through our place at the forefront
of the market consolidation and technology advancement. We are a
joint venture of Belgacom, Swisscom and MTN, and have rolled out
transformative Next Generation Networks (NGN). This together with
our continued focus on Value Added Services for Mobile Operators
and our growth strategy has enabled us to reach a world-leading
position both on the International Voice and Mobile Data
markets.
About HomeSend
The HomeSend service, based on eServGlobal's technology, is the
first mobile centric global hubbing service for international
remittance, airtime exchange and roaming recharge, endorsed by the
GSM Association. For more information on HomeSend, please see
www.homesend.com.
For further information, please contact:
BICS MTN
Catherine Bals, Director Pearl Majola
Marketing & Communications +27 832 12 24 59
+32 473 92 28 10
Source of Informa Telecoms & Media figure:
-- John Darnbrough, P263, Mobile Payments and Banking, Informa
Telecoms & Media, 2009, ISBN: 978 1843 117 933
Source of Bank of Ghana figure:
-- IAMTN electronic newsletter, 1st October 2010.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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