31st Jan 2019 07:00
eServGlobal Limited (eServGlobal or the "Company")
eServGlobal secures new projects in the Middle East
31 January 2019
eServGlobal (LSE: ESG.L & ASX: ESV.AX), a pioneering digital transactions technology company, announces the successful signing of two new contracts with existing customers in the Middle East.
Both projects are for eServGlobal's flagship PayMobile solution and represent a combined total value of approximately €1M.
The first contract is an upgrade project with a UAE operator, valued at €600,000. eServGlobal will provide an upgrade to its mPOS (mobile point of sale) solution.
The other project involves a three-year contract with an existing customer in the Middle East to provide voucher and electronic top-up.
As an existing technology vendor to both operators, eServGlobal's solutions were chosen based on their market-proven stability, reliability and operational sustainability.
James Hume, eServGlobal COO, said, "We had previously announced the delay of certain new project orders on 10 December 2018 and I am pleased to confirm that the Company has now secured the first two of these. Both of these contracts, signed in the Middle East, are illustrative of our long-standing customer relationships and our reputation as a trusted technology provider in the region."
About eServGlobal
eServGlobal (AIM:ESG, ASX:ESV) is a pioneering digital financial transactions technology company, enabling financial and telecommunications service providers to create smoother transactions for their customers through deep technical expertise and rapid implementation. Built on the latest technology platforms, eServGlobal offers a range of transaction services including digital wallets, commerce, remittance, recharge, rapid service connection and business analytics. eServGlobal combines more than 30 years' experience, with an agile, future-focused mindset, to align with the requirements of customers and partners around the globe.
Together with Mastercard, eServGlobal is a joint venture partner of the HomeSend global payment hub, enabling cross-border transfer between bank accounts, cards, mobile wallets, or cash outlets from anywhere in the world.
For further information, please contact:
eServGlobal | www.eservglobal.com |
John Conoley, Executive Chairman Tom Rowe, Company Secretary Andrew Hayward, Chief Financial Officer Alison Cheek, VP Corporate Communications
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finnCap Limited (Nomad and Broker)Corporate Finance: Jonny Franklin-Adams / Anthony Adams / Hannah Boros Corporate Broking: Tim Redfern / Richard Chambers
| www.finnCap.comT: +44 (0) 20 7220 0500 |
Tulchan Communications LLP Jonathan Sibun / Matt Low
| www.tulchangroup.com T: +44 (0)207 353 4200 |
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