HomeSend- new remittance corridor to Nepal

TIDMESG

eServGlobal Limited

15 July 2011

eServGlobal Limited (eServ or the "Company")

HomeSend - new remittance corridor to Nepal

Paris: 15 July 2011

eServGlobal announces a new connection for the HomeSend remittance service between its strategic business partner BICS and eSewa, the local online payment portal offered by F1 Soft in Nepal.

F1 Soft's eSewa service is connected to more than 23 Nepalese banks and 7 remittance hubs. eSewa facilitates payments across the country through more than 4,000 outlets. Services include utility bill payments, prepaid cards and bank deposits via both mobile and the web. Through Homesend eSewa will be able to offer remittance services in Nepal. Nepal derives 24% of national GDP from international remittance. In 2010, Qatar sent an estimated US$1.125Bn in remittances to Nepal. A further US$961M was received from senders residing in India. The corridor to Nepal is expected to go live before the end of 2011.

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. HomeSend is offered by BICS and based on eServGlobal technology. BICS is a leading global provider of Voice, Messaging, Roaming, Connectivity and Mobile Financial Services. Benefiting from a first mover advantage, HomeSend is the only mobile-centric international remittance hub endorsed by the GSMA, with existing remittance corridors operating between countries including the UK, the Philippines, Belgium, Ghana and Morocco.

The BICS and F1 Soft release is attached to this announcement.

About eServGlobal

eServGlobal specializes in Mobile Money solutions and Value-Added Services (VAS), to help Telco Service Providers increase their revenue and gain and maintain customer ownership. eServGlobal invests heavily in product development, using carrier-grade, next-generation technology aligned with the requirements of more than 60 customers in over 45 countries.

With 13 offices globally, eServGlobal provides full "end-to-end" and "any account to any account" Mobile Financial Services and International Money Transfers. Our Value Added Services in promotions, loyalty, messaging, and multiplay are focused around the transaction and enable service providers to engage with the subscriber in a personalized and dynamic manner.

To reduce time-to market and manage exposure to CAPEX, we now offer multiple licensing alternatives, including SaaS-based flexible, revenue-share pricing. 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, Communication Manager   T: [phone] 
  [e-mail]          F: [phone] 
 
 
 
 

PRESS RELEASE: HOMESEND connects to F1 SOFT's local hub eSewa

Brussels, Belgium - July 2011

BICS, a leading global provider of wholesale carrier services and a pioneer in the mobile financial services market and F1 SOFT, a provider specialized in e-Channel and m-Channel in Nepal, Singapore and Thailand, today announced that eSewa has connected to the international remittance hub, HomeSend.

eSewa is an online payment gateway with over 23 Nepalese banks and 7 remittance houses as members. They enable on local level P2P transfers using mobile or web, utility bill payments, prepaid cards and deposit to bank. eSewa currently handles 8.000 transactions per day and provides access to payout through more than 4.000 outlets.

HomeSend, a strategic business partnership between BICS and eServGlobal, is a global remittance hub allowing real-time transfers of any type of fund and various fund sources. HomeSend, as such, acts for F1 Soft as a central worldwide aggregator while F1 Soft provides the HomeSend Partners and their user base access to the whole of Nepal with various disbursement channels.

Frederic Schepens, SVP Mobile Financial Services at BICS said "We are very happy to work with F1 Soft as this agreement is a major next step in the further development of HomeSend. It brings value to both of us, as our customers can immediately attain the whole Nepalese mobile/online payments scene and eSewa members gain access to all of HomeSend's partners through a single technical and commercial connection".

Biswas Dhakal, CEO at F1 Soft said "With remittance being one of the major sources of income in Nepal, Nepalese across the world are always looking for a quick and better remittance gateway. Customers are looking for an easy solution to send money back to their home and F1 Soft, joining hands with HomeSend, can give Nepalese an easy outlet for their money through eSewa. After this, HomeSend can access the substantial untapped potential of the Nepalese market, so I think this is a win-win situation for all the parties involved."

About F1 Soft

F1 Soft is one of the leading technology providers in transaction banking platform. The Company was duly established in 2004 and recently has its Head Office in Singapore. It also has a sound presence in Nepal and Thailand. The company offers a bouquet of services in Internet Banking, Mobile Banking, Terminal Product, Remittance Solution, Payment Gateway and other Transactional Banking Product. F1 Soft International currently holds 50+ Financial Institutions as its satisfied customer and the numbers are in increasing trend. The company has an expertise on developing adoptable product for banks and their customers.

eSewa, introduced by F1 Soft International, is the Online Payment Portal of Nepal. The company currently provides services to more than 35,000 customers and is partners with 23+ Nepalese Banks. eSewa enables online payment solutions to numerous e-commerce sites and organizations, working in sectors such as Telecommunication, Internet Service, Banking, Airline, Tourism and Business.

For more information, please visit www.f1soft.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                                  F1 Soft 
  Catherine Bals, Director Marketing    Asra Bhattarai 
  & Communications                      Manager Business Development 
  [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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