TIDMESG
RNS Number : 3736P
eServGlobal Limited
23 October 2012
eServGlobal Limited (eServGlobal or the "Company")
HomeSend - new agreement to expand mobile remittances with
Xpress Money
Paris: 24 October 2012
eServGlobal (LSE: ESG & ASX: ESV), the global telecoms
software vendor specialising in mobile money and Value-Added
Services, is pleased to announce that Xpress Money, one of the
largest and fastest growing money transfer companies in the world
has launched new remittance corridors to Africa using the HomeSend
hub. With this agreement, Xpress Money, which has a presence in 125
countries across the Americas, Europe, Africa, the Middle East, and
Asia will connect to HomeSend, the mobile international remittance
hub offered by BICS and based on eServGlobal technology. The new
service will enable people to send money instantly and cost
effectively using Xpress Money's 135,000 agent locations across the
world.
The HomeSend mobile remittance hub service is offered by BICS
and based on eServGlobal technology. BICS is a leading global
provider of wholesale carrier services and mobile financial
services. HomeSend, which benefits from a first mover advantage, is
the only mobile-centric international remittance hub endorsed by
the GSMA, and has live corridors in Europe, Asia Pacific, the
Middle East, and Africa.
The BICS and Xpress Money release is attached to this
announcement.
For further information, please contact:
eServGlobal www.eservglobal.com
Alison Cheek, Communications Manager T: +33 (0) 1 4612 7746
Christina Tubb, Investor Relations
Cenkos Securities plc www.cenkos.com
Ivonne Cantú/Stephen Keys (Nomad) T: +44 (0) 20 7397 8980
Newgate Threadneedle www.newgatethreadneedle.com
Caroline Evans--Jones/Josh Royston/Hilary T: +44 (0) 20 7653 9850
Millar
Charles Stanley Securities www.csysecurities.com
Dugald Carlean T: +44 (0) 20 7149 6000
About eServGlobal
eServGlobal specializes in Mobile Money solutions and
Value-Added Services (VAS), to help Mobile Service Providers
increase their revenue and gain and maintain customer ownership.
eServGlobal invests heavily in product development, using
carrier-grade, next-generation technology and aligning with the
requirements of more than 80 customers in over 55 countries.
For 29 years mobile and financial service providers have used
eServGlobal solutions 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 Money Services and
International Remittance Services. Delivered in partnership with
BICS, the HomeSend solution is the only mobile-centric
international remittance hub to gain endorsement from the GSM
Association.
eServGlobal's Value-Added Services in promotions, loyalty and
messaging enable service providers to engage with their subscribers
in a personalized and dynamic manner.
To reduce time-to market and to meet the needs of operators and
banks, eServGlobal provides multiple licensing alternatives as well
as SaaS-based products and services.
eServGlobal is listed on the Australian Securities Exchange
(ESV) and the London Stock Exchange AIM (ESG). More information at:
www.eservglobal.com
PRESS RELEASE
BICS and Xpress Money Partnership Expands Mobile Remittances to
Africa
Agreement opens up mobile money transfers to Africa
Brussels, Belgium & Dubai, UAE: 24(th) October, 2012, BICS,
a leading global provider of wholesale carrier services and a
pioneer in the mobile financial services market, today announced an
agreement with Xpress Money, one of the world's fastest growing
money transfer companies, to open new mobile remittance corridors
towards Africa. The agreement will facilitate money transfers to
mobile subscribers in the region.
This agreement will enable African diaspora to transfer money
back home in various increments instantly and cost effectively
using Xpress Money's safe, and secure, service. Xpress Money has an
international reach with 135,000 agent locations across the world.
Mobile subscribers in Africa that use mobile wallet services will
be eligible to receive the money transfers facilitated by the
agreement.
The international remittance is facilitated by HomeSend, a
global hubbing service that enables mobile-centric money transfers.
HomeSend is a BICS service, based on technology of eServGlobal, its
strategic business partner, and connects a global community of
telecom service providers, banks and financial organisations. It
facilitates money transfers in real-time, enabling person-to-person
transfers of cash, credit card payments or direct bank
transfers.
Daniel Kurgan, Chief Executive Officer at BICS said: "This
agreement with Xpress Money will open up new remittance corridors
and expand the scope of international money transfers. The first
phase of this implementation has made it possible to send money
easily and rapidly through Xpress Money's agents to mobile wallet
users in Africa. Xpress Money now has access to the network of
service providers connected to the HomeSend Hub, contributing to
our goal of building a global mobile remittance ecosystem."
Sudhesh Giriyan, Vice President of Xpress Money commented: "We
at Xpress Money have been looking to provide our customers with
increasingly innovative products and services that match their
hectic lifestyle; this partnership with BICS is a step in the same
direction. We are happy to offer our customers around the world an
easy to use service that will enable them to send money to their
loved ones in Africa even when they are on the move. Mobile money
transfers are the future of the remittance business, with BICS
onboard as our partner we will be able to leverage their superior
technology platform to offer our customers with a money transfer
service right at their finger-tips."
For further information, please contact:
BICS Xpress Money
Cathérine Bals Gunjan Sinha
Director Marketing & Communications Head - Corporate Communications
catherine.bals@bics.com gunjan.sinha@xpressmoney.com
+32 473 92 28 10 +971 2 652 1407
and
Matt Humphries, Babel PR
matt@babelpr.com
+44 207 434 5550
About Xpress Money
Xpress Money is the world's fastest growing money transfer
business with a presence in more than 125 countries across 5
continents. Xpress Money has over 135,000 agent locations globally.
Xpress Money is committed to Bringing Home Closer to millions of
expatriates residing away from their homes. Xpress Money provides
its customers a simple, fast & safe way to transfer money
anywhere in the world through innovative technology, superior
customer service and its extensive worldwide network. For more
information, visit www.xpressmoney.com
About BICS
BICS delivers best-in-class international wholesale solutions to
any communication service provider worldwide. Through its Mosaic
portfolio, a comprehensive, flexible and innovative suite of
solutions designed to be used individually, or collectively, BICS
meets the existing and future requirements of the global telecoms
industry. Our passionate and creative teams located in Brussels,
Bern, Dubai, Singapore and New York, continuously strive to provide
our customers with the highest levels of quality, reliability and
interoperability enabling them to maximise their end-user value.
With our successful consolidation strategy, and a continuing focus
on technological advancement and innovation, we have achieved a
world-leading position in the international Voice and Mobile Data
markets.
For more information, please visit: www.bics.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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