HomeSend-new agreement with Tranglo remittance hub (1703S)

TIDMESG

RNS Number : 1703S

eServGlobal Limited

16 November 2011

eServGlobal Limited (eServGlobal or the "Company")

HomeSend - new agreement with Tranglo remittance hub

Paris: 16 November 2011

eServGlobal announces an agreement for the HomeSend remittance service with Tranglo, a mobile financial transaction hub based in Asia.

Tranglo have an established international airtime transfer business, particularly in Asia. Their remittance offer focuses on providing services to the international migrant community and the synergy between HomeSend and Tranglo will enable the widest coverage and the most cost effective transactions. This agreement will enable HomeSend to access multiple countries in Asia both on the sending and the receiving side. The first corridors between HomeSend and Tranglo are expected to go live in 2012.

"Hub to hub peering is key to the success of Mobile Money. HomeSend's connection to Tranglo represents an important step on the journey towards building an open and interoperable ecosystem," commented Katia Hilal, Vice President Marketing & Alliances, eServGlobal, "Mobile Money deployments around the globe are gaining momentum, while simultaneously the World Bank is predicting continued growth in international remittance. We believe that HomeSend will play a pivotal role in the advancement of the Mobile Money world."

HomeSend continues to set the standard for international interoperability in mobile money transfer by creating a seamless connection between a variety of mobile money systems and financial institutions around the world. The HomeSend mobile remittance hub service is based on eServGlobal's innovative technology and operated by BICS, who is a leading provider of international hubbing and connectivity services for more than 250 mobile operators worldwide. HomeSend, which benefits from a first mover advantage, is the only mobile-centric international remittance hub endorsed by the GSMA, with remittance corridors operating between countries including the UK, Qatar, the Philippines, Pakistan, Belgium, Ghana and Morocco.

The BICS and Tranglo release is attached to this announcement.

About eServGlobal

eServGlobal specializes in Mobile Money solutions and Value-Added Services (VAS), to help Mobile Service Providers increase their revenue and gain and maintain customer ownership. eServGlobal invests heavily in product development, using carrier-grade, next-generation technology and aligning with the requirements of more than 75 customers in over 55 countries.

For more than 25 years mobile and financial service providers have used eServGlobal solutions to lead and innovate in their local markets, leveraging their core assets and their trusted agent and subscriber relationships.

With 13 offices globally, eServGlobal provides full "end-to-end" and "any account to any account" Mobile Money Services and International Remittance Services. The HomeSend solution is the only mobile-centric international remittance hub to gain endorsement from the GSM Association. The HomeSend Certification Program ensures security and interoperability by certifying domestic mobile wallet providers, money transfer organizations, and financial service providers to connect to the hub.

eServGlobal's Value-Added Services in promotions, loyalty and messaging enable service providers to engage with their subscribers in a personalized and dynamic manner.

To reduce time-to market and to meet the needs of operators and banks, eServGlobal provides multiple licensing alternatives as well as SaaS-based products and services.

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

For further information, please contact:

 
 eServGlobal                                  www.eservglobal.com 
 Alison Cheek, Communications Manager         T: [phone] 
 Cenkos Securities plc                        www.cenkos.com 
  Ivonne Cantu/Stephen Keys (Nomad)            T: [phone] 
 Threadneedle Communications                  www.threadneedlepr.co.uk 
  Caroline Evans--Jones/Josh Royston/Hilary    T: [phone] 
  Millar 
 
 
 
 

PRESS RELEASE: BICS AND TRANGLO SIGN AGREEMENT TO CONNECT TO HOMESEND

Brussels, Belgium - 16 November 2011

BICS, a leading global provider of wholesale carrier services and a pioneer in the mobile financial services market, and Tranglo, a prominent international mobile financial transactions hub operator in Malaysia, today announced that Tranglo has connected to the international remittance hub, HomeSend. This partnership will enable new HomeSend corridors across Asia, specifically from Malaysia as well as towards Indonesia and the Philippines.

Tranglo operates gloTransfer, gloReload and gloRemit, an international mobile airtime credit and electronic money remittance hub. This service enables migrants to effectively and affordably transfer funds internationally.

HomeSend is a strategic business partnership between BICS and eServGlobal, allowing the real-time transfer of any type of funds, and from various fund sources, such as eWallets, bank accounts, credit cards and cash.

Frederic Schepens, SVP Mobile Financial Services at BICS said "We are delighted to work with Tranglo and to leverage their unusual role as both a sending as well as receiving partner in Asia. In turn Tranglo benefits from HomeSend's growing ecosystem globally."

Sia Hui Yong, Tranglo's CEO said "We are very excited and pleased with the cooperation with BICS. Through this smart partnership, both BICS and Tranglo will be able to synergize our strength to provide the widest coverage and most cost-effective transactions for our global partners."

About Tranglo

Tranglo is a leading international mobile financial transactions hub operator that enables cross-border airtime exchange, money transfer and bill payment via its award-winning innovative solutions gloTransfer and gloRemit. Tranglo works with prominent mobile operators and financial institutions, vendors/resellers/distributors, remittance service providers across the globe. Tranglo currently has local offices in Netherlands, Lebanon, Malaysia and Indonesia, and representative offices in United States, Australia, UAE and United Kingdom. For more info on Tranglo, please visit www.tranglo.com.

About BICS

BICS delivers best in class global solutions for Voice, Messaging, Roaming, Connectivity and Mobile Financial Services to hundreds of telecommunication providers around the world. With our passionate and creative teams located in Brussels, Bern, Monaco, Dubai, Singapore and New York, we continuously strive to provide our customers with the highest levels of quality, reliability and interoperability that enable them to maximise end-user value. Our innovative approach is visible through our place at the forefront of the market consolidation and technology advancement. We are a joint venture of Belgacom, Swisscom and MTN, and have rolled out transformative Next Generation Networks (NGN). This together with our continued focus on Value Added Services for Mobile Operators and our growth strategy has enabled us to reach a world-leading position both on the International Voice and Mobile Data markets.

For more information, please visit: www.bics.com.

For further information, please contact:

 
 BICS                                  Tranglo 
  Catherine Bals, Director Marketing    Jonathan Lee, Business Development 
  & Communications                      Manager, Remittance 
  [e-mail]               [e-mail] 
  [phone]                      [phone] 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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