HomeSend agreement with MobiDram, Armenia

eServGlobal Limited (eServGlobal or the "Company")

HomeSend enables mobile money transfers to MobiDram, ArmeniaParis: 4 November 2015

eServGlobal (AIM:ESG & ASX:ESV) is pleased to announce an agreement between HomeSend, and MobiDram, an Armenian mobile financial service provider and subsidiary of Vivacell-MTS, Armenia.

HomeSend is a joint venture of 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 features. eServGlobal invests heavily in product development, using carrier-grade, next-generation technology and aligning with the requirements of more than 60 customers in over 50 countries.

Together with MasterCard and BICS, eServGlobal is a joint venture partner of the HomeSend global payment hub, a market leading solution based on eServGlobal technology and enabling cross-border money transfer between mobile money accounts, payment cards, bank accounts or cash outlets from anywhere in the world regardless of the users location.

eServGlobal has been a source of innovative solutions for mobile and financial service providers for 30 years.

For further information, please contact:

PRESS RELEASE

HomeSend enables mobile money transfers to MobiDram, ArmeniaNew remittance corridors provide quick, low-cost money transfer options to Armenia

Brussels, 4 November 2015 - HomeSend, the international payment and money transfer hub, today announced the launch of remittance services to MobiDram, an Armenian mobile financial service provider and subsidiary of Vivacell-MTS, Armenia.

HomeSend, a joint venture between MasterCard, eServGlobal and BICS, is changing the way money moves around the world by bridging the gap between financial institutions, non-financial entities and mobile network operators.

The first sending partners to connect to MobiDram via HomeSend are money transfer organisations, WorldRemit and Skrill with more partners to connect in the near future. The remittance corridors are now live, offering a quick, convenient and low-cost way for people to send money direct to the MobiDram mobile wallets of their loved ones in Armenia.

HomeSend allows sending parties, such as money transfer organisations, to connect to mobile wallets in countries with significant diaspora and where there is a demand for cost-effective, safe remittance services. According to the World Bank, remittances contributed more than US$2bn to Armenia's economy in 2014, equivalent to almost 20% of it GDP[1]. There are at least 780,000 Armenians working abroad[2]; the total number of Armenians in the diaspora is thought to be larger than the country's population.

With 82% of Armenia's adult population without a bank account, mobile financial services, such as MobiDram, hold great potential for the 3.3 million mobile subscribers in the country, especially those who are recipients of remittances.[3] [4]

Kim Avanesyan, General Manager, MobiDram, said, "Our mission at MobiDram is to connect our users to the latest innovations in mobile money. We are always looking for ways to enrich our mobile wallets with new life-improving features. A single connection to HomeSend allows our users to receive money transfers from their loved ones around the world direct to their MobiDram mobile wallet."

Stephen Doyle, CEO, HomeSend, said, "We are pleased to share this good news which reinforces the integral role that HomeSend plays in connecting some of the largest players in the money transfer market today. We are proud to be the technology solution powering low-cost, instant money transfer services to users worldwide."

Through a connection to the HomeSend hub, service providers can enable their 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.

About MobiDram

MobiDram started its operations in several VivaCell-MTS branches providing the services such as utility payments collection, bank transfers, international transfers, etc. With MobiDram, you enjoy the freedom of managing your time when you settle your bills, or transfer funds, while you are sipping your coffee, sitting up in your office or stretching out on your favourite sofa. MobiDram payment system is a mobile and online financial solution on the Armenian market that gives opportunity to make easy and fast money transactions anywhere, anytime. With MobiDram users and get transactions done instantaneously: regularly send and get funds, pay bills 24/7 via your mobile or online. MobiDram is absolutely secure and amazingly fast.

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.