Eservglobal Share Discussion Threads

[lynden2] 18/12/2013 22:15

MasterCard, eServGlobal and BICS create remittance Joint Venture
Paris, 19 December 2013

HomeSend JV to Expand Options for Consumers to Send and Receive Money Worldwide MasterCard (NYSE: MA), eServGlobal (LSE: ESG.L, ASX: ESV.AX) and BICS today announced the formation of HomeSend, a joint venture (JV) which will enable 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.

The HomeSend JV will leverage the current HomeSend platform, a remittance hub based on eServGlobal technology and developed as part of a strategic partnership between eServGlobal and BICS. The HomeSend platform was first to market in offering international mobile remittances. Today, HomeSend has live deployments in 50 countries and commercial contracts with mobile network operators (MNOs) and money transfer operators (MTOs) that represent more than 1.2 billion subscribers – the equivalent of one in seven of the world's population – and 200,000 cash agents respectively.

By connecting the worldwide community of telecom partners and MTOs to the more than 24,000 financial institutions on the MasterCard network, the HomeSend JV will provide consumers new options and flexibility for sending or receiving funds and enable cross border remittance payments worldwide. For people in developing markets, the receipt of funds from friends and family is an important lifeline. Based on World Bank estimates, remittances to developing countries will reach around $515B by 2015.

"HomeSend will provide an important platform to deliver improved remittance services, and bring person-to-person transfer capabilities to more financially underserved consumers around the globe," stated Ed McLaughlin, Chief Emerging Payments Officer at MasterCard. "MasterCard, eServGlobal and BICS each brings its own unique contribution to the newly formed entity. Collectively, we have an opportunity to improve people's lives."

"This is a significant development for the global money transfer industry and we are delighted to be part of this new venture," said Paolo Montessori, CEO and Managing Director of eServGlobal. "This combination creates one of the most comprehensive offerings in the market, and we believe will be an important step in the journey to extending cost-effective and easy-to-use financial services to people worldwide."

"We are very happy to be part of this significant milestone for the mobile financial services industry, and believe this type of service can open up new remittance corridors and expand the scope of money transfers around the world," added Daniel Kurgan, CEO of BICS.

MasterCard will own a controlling share of the HomeSend JV.

Attachment Size
HomeSend_JV_20131219.pdf 152.34 KB

[ade45] 18/12/2013 21:54

38p all month. Hasn't moved

[painter] 17/12/2013 06:36

Prelims on the website as 31/12/2013. Note last year the website said Prelims 31/12/2012 but they actually announced them on the 21/12/2012. So if you want some more prior to results, then my tip is to shop early.
GLA

[guru] 13/11/2013 15:28

These must be all buys - I managed to buy at 36.7. Volume increasing.

[allstar4eva] 13/11/2013 15:05

No idea but looks poised to move sharply imo...

[guru] 13/11/2013 14:58

A lot of trades going through within a few minutes, all at 36.75. Why this flurry of activity? Anyone?

[ade45] 07/11/2013 14:54

They don't RNS every contract

[painter] 07/11/2013 14:48

While I like this news are they not supposed to inform the market of significant events like this?

[hibberts] 07/11/2013 12:05

And another new hub.

[looby loo] 07/11/2013 01:30

www.proactiveinvestors.com.au/companies/news/49932/eservglobal-snags-philippines-largest-money-transfer-group-in-deal-49932.html

[ade45] 06/11/2013 23:35

It has a nice sharp upward angle

[allstar4eva] 06/11/2013 08:41

Chart looking interesting...

[p1nkfish] 01/11/2013 12:37

Bought a few. See what's what. Added to my PHD and other money handler holdings. Good luck.

[p1nkfish] 21/10/2013 04:00

Had an eye on these for a while. Might add some. Interesting shareholder base and on the cusp of something useful.

[hibberts] 09/10/2013 10:33

New partner.

[ade45] 25/9/2013 09:44

Bubbling up nicely

[hibberts] 20/9/2013 11:42

Another new corridor launch.

[allstar4eva] 19/9/2013 17:50

Yep chart seems to be cuving back up...

[guru] 19/9/2013 10:15

A bit more life today!

[ade45] 17/9/2013 15:53

Saw the CEO in London Bridge Pret (or his twin). He looked well and I sensed business was good. IMHO DYOR

[guru] 17/9/2013 09:59

Shame that ADVFN does not show this RNS.