17th May 2018 12:32
LONDON (Alliance News) - eServGlobal Ltd Executive Chairman John Conoley said Thursday that despite a year of progress the payment company "still needs to deliver more proof" that its strategy works.
In his annual general meeting statement, Conoley said 2017 was a positive year "in which we evidenced progress on both sides of our business, but ultimately we still need to deliver more proof that our strategy works today".
The company is currently debt free, with its core business benefiting from a "much reduced" cost base.
eServ's joint venture with Mastercard and BICS, HomeSend, a payment and money transfer hub which enables cross-border transfer into more than 100 countries, has been adopted by a "growing number of banks", the company said.
eServ Global shares were trading down 2.2% on midday Thursday at 9.04 pence.
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