TIDMESG
RNS Number : 9791P
eServGlobal Limited
24 February 2016
eServGlobal Limited (eServGlobal or the "Company")
HomeSend and Vodafone to Extend M-Pesa Remittance Agreement to
Five New Markets in 2016
Barcelona: 24 February 2016
eServGlobal (AIM:ESG & ASX:ESV) is pleased to announce that
HomeSend has expanded its global framework agreement with Vodafone
Group for M-Pesa, including the launch of remittance services into
five new markets during 2016.
HomeSend is a joint venture between MasterCard, eServGlobal and
BICS.
The full announcement made today by HomeSend is set out
below.
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.
For more than 30 years, eServGlobal has been a source of
innovation for telcos and financial institutions. Using
carrier-grade, next-generation technology, eServGlobal aligns with
the requirements of customers around the globe.
Together with MasterCard and BICS, eServGlobal is a joint
venture partner of the HomeSend global payment hub, enabling
cross-border money transfer between mobile wallets, cards, bank
accounts or cash outlets from anywhere in the world.
For further information, please contact:
eServGlobal www.eservglobal.com
Alison Cheek, VP Corporate Communications T: +33 (0)1 4612
7746
Canaccord Genuity Limited (Nomad www.canaccordgenuity.com
and Broker) T: +44 (0) 20 7523
Simon Bridges / Cameron Duncan 8000
/ Emma Gabriel
Alma PR (Financial Public Relations) www.almapr.co.uk
Josh Royston / Hilary Buchanan T: +44 (0) 208 004
/ John Coles 4218
HomeSend and Vodafone to Extend M-Pesa Remittance Agreement
to
Five New Markets in 2016
New Remittance Corridors to Provide Quick, Low-Cost Money
Transfer Options
for M-Pesa Users
Barcelona, February 24 2016 - Today at Mobile World Congress,
HomeSend, the international payment and money transfer hub,
announced the expansion of its global framework agreement with
Vodafone Group for M-Pesa, including the launch of remittance
services into five new markets during 2016.
The two companies will work together to enable the real-time,
mobile receipt of remittances by M-Pesa users in the Democratic
Republic of Congo, Ghana, Lesotho, Mozambique and Albania. In
addition to Kenya, HomeSend has already launched connections for
inbound remittances with M-Pesa in both Tanzania and Romania.
HomeSend continues to rapidly expand the reach of their network,
with coverage expected to reach more than 70 markets in 2016. These
will include 20 new Mobile Money markets, bolstering the
interoperability of HomeSend's network and providing their
customers with the ability to send and receive remittances globally
via a mobile phone.
Focused on broadening their network and service offering,
HomeSend will provide a fast, safe and convenient way to receive
remittances by enabling MasterCard payments cards to be used.
Several markets are expected to go live with this solution
throughout 2016.
Claire Alexandre, Head of M-Pesa Commercial and Strategy,
Vodafone, said, "M-Pesa makes money mobile, now increasingly across
borders too. We're delighted to offer our customers more choice to
send and receive money from other countries and networks. HomeSend
connects them to an extensive global network, offering an
affordable, secure and convenient solution for inbound digital
money transfers."
Stephen Doyle, CEO, HomeSend, said, "Vodafone is a pioneer in
domestic mobile money services. HomeSend, as the leading global
payments hub, remains a natural partner for Vodafone to connect
their domestic deployments to users worldwide. We are thrilled to
expand our work with Vodafone to bring all-important,
cost-effective money transfer services to M-Pesa customers in even
more countries."
-ENDS-
Download our Mobile World Congress app or find a complete list
of MasterCard news announcements from the conference in our Digital
Press Kit. Follow us @MasterCardNews or using the hashtag
#WhatsNext to join the conversation.
For more information:
Vodafone Group:
Media Relations www.vodafone.com/media/contact or Investor
Relations call: +44 (0) 7919 990 230
MasterCard Communications Contact
Geraldine Trennery, MasterCard,
geraldine.trennery@mastercard.com, +27 76 301 0264
About Vodafone Group
Vodafone is one of the world's largest telecommunications
companies and provides a range of services including voice,
messaging, data and fixed communications. Vodafone has mobile
operations in 26 countries, partners with mobile networks in 57
more, and fixed broadband operations in 17 markets. As of 31
December 2015, Vodafone had 461 million mobile customers and 13
million fixed broadband customers. For more information, please
visit: www.vodafone.com.
About M-Pesa
The M-Pesa service was launched in March 2007 by Safaricom
Limited in Kenya. It enables millions of people who have access to
a mobile phone, but do not have access to a bank account, to send
and receive money, top-up airtime, make bill payments and enjoy a
range of other services.
M-Pesa had approximately 24.6 million active customers as at 31
December 2015 and approximately 236,000 agents worldwide. It is
available in 11 markets: Kenya, Tanzania, South Africa, Democratic
Republic of Congo, India, Mozambique, Egypt, Lesotho, Ghana,
Albania and Romania.
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. Contact us at:
https://www.homesend.com/contact-us.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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