7th Nov 2013 11:21
LONDON (Alliance News) - eServeGlobal Limited said Thursday that a new agreement for its HomeSend remittance service has been signed between its strategic business partner BICS and Philippine money transfer organisation M Lhuillier.
eServeGlobal is a mobile money solutions and services company. HomeSend is a mobile international remittance hub.
The company said that the Philippines is one of the largest recipients of international remittance in the world, with nearly one in ten Filipinos living and working outside of the country. It didn't provide any financial details for the agreement.
Shares in eServeGlobal were trading up 7.2% at 35.90 pence Thursday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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