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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Eservglobal Limited | LSE:ESG | London | Ordinary Share | AU000000ESV3 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 5.45 | 5.40 | 5.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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eServGlobal Limited
18 February 2010
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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 | T: +33 6 87 96 52 24 |
| katia.hilal@eservglobal.com | F: +33 1 46 12 77 49 |
| | |
+--------------------------------------------+-------------------------+
| | |
+--------------------------------------------+-------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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