eServGlobal wins new contract in West Africa

eServGlobal Limited (eServGlobal or the "Company")

eServGlobal announces new contract win in West Africa

Paris: 4 May 2016

eServGlobal (LSE: ESG.L & ASX: ESV.AX), the provider of end-to-end mobile financial services to emerging markets, announces it has won a contract to supply its PayMobile software to a service provider in West Africa. The total contract is valued at €1.6m over 2 years, with approximately €1.1m to be recognised within the current financial year. The Company maintains its guidance for FY16 which is to achieve a small EBITDA surplus for the core business with some revenue growth and a substantially lower cost base.

John Conoley, Executive Chairman, eServGlobal, said, "This is further confirmation that a recovery in the sales engine of our Company is now underway. The efforts undertaken across our business throughout the last 6 to 12 months are now coming to fruition."

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.

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