ESG Eservglobal Limited

TIDMESG

RNS Number : 8407Z

eServGlobal Limited

22 September 2015

eServGlobal Limited ("eServGlobal" or the "Company")

HomeSend KPI update

22 September 2015

eServGlobal (AIM:ESG & ASX:ESV), the provider of end-to-end mobile financial services to emerging markets, is pleased to provide the following metrics to update on the progress of the HomeSend Joint Venture.

Highlights:

-- Focus on corridor deployment during FY15 continues to produce strong results, with 2,221 live corridors now connecting over 200 sending countries and 35 receving countries, as at 31 August 2015.

o This shows 40.7% growth since the end of June 2015 and 237% growth in the last six months.

-- The number of transactions processed in August 2015 was 346% higher than during the same month in the previous year.

Live corridors:

 
              2011   2012   2013   2014   Mar-15   Jun-15   Aug-15 
-----------  -----  -----  -----  -----  -------  -------  ------- 
 Corridors     4      17     51    486     659      1578     2221 
-----------  -----  -----  -----  -----  -------  -------  ------- 
 

For further information, please contact:

 
 eServGlobal                        www.eservglobal.com 
 Tom Rowe, Company Secretary        T: +61 2 8014 5050 
                                     investors@eservglobal.com 
 Canaccord Genuity Limited (Nomad   www.canaccordgenuity.com 
  and Broker)                        T: +44 (0) 20 7523 
  Simon Bridges / Cameron Duncan     8000 
  / Emma Gabriel 
 Newgate                            www.newgatecomms.com 
  Adam Lloyd / Helena Bogle          T: +44 (0) 20 7653 
                                     9850 
 

About HomeSend

HomeSend is a joint venture created by MasterCard, eServGlobal and BICS that enables B2B cross-border and cross-network value transfers through a single connection. It builds on the successful deployment of mobile enabled person-to-person transfers in emerging markets and the digitalization of money transfer services. The HomeSend service innovatively bridges the gap between finance and telecommunication service providers and enables consumers to send money to and from mobile money accounts, payment cards, bank accounts or cash outlets - regardless of their location or that of the recipient.

About eServGlobal

eServGlobal (AIM:ESG, ASX:ESV) offers mobile money solutions which put feature-rich services at the fingertips of users worldwide, covering the full spectrum of mobile financial services, mobile wallet, mobile commerce, recharge, promotions and agent management features. eServGlobal invests heavily in product development, using carrier-grade, next-generation technology and aligning with the requirements of more than 65 customers in over 50 countries.

Together with MasterCard and BICS, eServGlobal is a joint venture partner of the HomeSend global payment hub, a market leading solution based on eServGlobal technology and enabling cross-border money transfer between mobile money accounts, payment cards, bank accounts or cash outlets from anywhere in the world regardless of the users location.

eServGlobal has been a source of innovative solutions for mobile and financial service providers for 30 years.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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September 22, 2015 09:09 ET (13:09 GMT)

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