HomeSend- new remittance corridor to Morocco

TIDMESG

eServGlobal Limited

29 September 2011

eServGlobal Limited (eServGlobal or the "Company")

HomeSend - new remittance corridor to Morocco.

Paris: 29 September 2011

eServGlobal announces an agreement for the HomeSend remittance service between its strategic business partner BICS and Wafacash, subsidiary of the Attijariwafa Bank Group and Moroccan leader in international money transfers.

Through this agreement, HomeSend users will be able to use their mobile phones to remit money to their family and friends in Morocco. The service will initially be launched on the Belgium to Morocco corridor. There are over 3 million Moroccans living abroad with the majority living in France, Spain, Italy and Belgium. The service will go live this month with initial revenues anticipated in this financial year.

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 offered by BICS and based on eServGlobal technology. BICS is a leading global provider of Voice, Messaging, Roaming, Connectivity and Mobile Financial Services. 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, the Philippines, Belgium, Ghana and Morocco.

The BICS and Wafacash release is attached to this announcement.

About eServGlobal

eServGlobal Limited 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, fixed, Internet and telecom, 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. eServGlobal's HomeSend solution is the only mobile-centric international remittance hub to gain endorsement from the GSM Association.

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 is available at: www.eservglobal.com

For further information, please contact:

 
 eServGlobal                                  www.eservglobal.com 
 Alison Cheek, Communications Manager         T: [phone] 
  [e-mail]                 F: [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: WAFACASH AND BICS LAUNCH NEW REMITTANCE CORRIDOR BETWEEN BELGIUM and MOROCCO

Brussels, Belgium - 29 September 2011

Wafacash, subsidiary of the Attijariwafa Bank Group and Moroccan leader in international money transfers, and BICS, part of the Belgacom Group and a prominent international provider of Voice, Messaging, Roaming, Connectivity and Mobile Financial Services, announced today that they have launched a new remittance corridor between Belgium and Morocco.

Through this deal, people living in Belgium will be able to use their mobile phones to remit money instantly and cost effectively to their relatives and friends anywhere in Morocco, where they can collect the money at one of the 500 agent locations of Wafacash.

The remittance transactions to the 500 agents of Wafacash are facilitated through the HomeSend remittance hub, and Wafacash' Allo Cash(R) platform.

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

Allo Cash(R) is the distribution service set up by Wafacash to allow the distribution of remittance transactions coming from mobile phones via HomeSend.

Frederic Schepens, SVP Mobile Financial Services at BICS said "The aim of BICS with HomeSend is clearly to enable mobile operators to offer international money transfer. To help build the necessary ecosystem, HomeSend connects to the established money transfer organisations like Wafacash."

For Samira Khamlichi, CEO at Wafacash, "We believe that innovation does not stop with inventing and implementing solutions and products that may be essential tomorrow; it becomes more valuable when it comes to connect today's best products with the best potential ones of tomorrow. We are very pleased to celebrate Wafacash' 20(th) anniversary with this new innovation, created in partnership with a global leader in its domain".

About Wafacash

Created in 1991 under the name of Wafa Monetique, Wafacash could assert itself over the years on the market of fast money transfers. Thanks to its teams who are specialists in the domain of money transfers and its choice for advanced technology, Wafacash has expanded its range of products over the years and offers today a broad range of cash services, carried out instantly and everywhere in Morocco.

Wafacash is the Moroccan leader in international money transfers, and manages a widely extended network of agents throughout the Kingdom, with very flexible hours (7/7, from 8:00am to 8:00pm).

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                                   Wafacash 
  Catherine Bals                         Samira Lazraq 
  Director Marketing & Communications    Director Commercial & Partnership 
  [e-mail]                Developments 
  [phone]                       [e-mail] 
                                         [phone] 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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