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Homesend - New Agreement Signed

18th Feb 2010 07:00

RNS Number : 3308H
eServGlobal Limited
18 February 2010
 



 

Homesend - New Agreement Signed

Paris: 18 February 2010

eServGlobal Limited (LSE: ESG & ASX: ESV), a provider of smarter transaction management solutions in Charging, Payment, Retention and Network Services, today announces an agreement  for its HomeSend remittance platform between Belgacom International Carrier Services (BICS) and G-Xchange (GXI), a fully-owned mobile-commerce subsidiary of Philippines' Globe Telecom.

The agreement provides for GXI's existing number of remittance corridors to be expanded using the HomeSend Remittance Hub. The HomeSend service, created in partnership with BICS, provides a mobile-centric approach to international remittance which represents a significant new step in mobile payment. It allows subscribers of any mobile operator connected to HomeSend to transfer money electronically via a cellular phone to a GCASH subscriber.

This new cooperation, therefore, provides increased choice and convenience for Filipinos living or working overseas when sending money home to their families and friends in the Philippines.

The first interoperability tests between GCash, the fastest growing mobile wallet service in Asia, and HomeSend, eServGlobal's mobile centric hub for international remittances, have been successfully completed. Three corridors will initially be launched in the coming weeks, namely between Belgium, UK and USA, and the Philippines, but will be extended in the near future towards other sending markets with large numbers of overseas Filipinos.

eServGlobal began investing in the development of HomeSend in 2007. It was a strategic undertaking in collaboration with BICS to provide an easy to use software as a service offering for mobile-to-mobile money transfer at a fraction of the cost for subscribers. HomeSend is the only mobile-centric international remittance hub endorsed by the GSMA and with this new deal, the company is now beginning to see the fruits of its labour. With the Philippines on board, customers will now be able to access the third largest remittance recipient market in the world.

About eServGlobal

eServGlobal is listed on the Australian Securities Exchange (ESV) and the London Stock Exchange AIM (ESG). More information can be found at: www.eservglobal.com

 

For further information, please contact:

eServGlobal

 

 

www.eservglobal.com

Katia Hilal, Marketing Director

katia.hilal@eservglobal.com

 

T: +33 6 87 96 52 24

F: +33 1 46 12 77 49

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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