eServGlobal Limited Mastercard's agreement to acquire Transfast

TIDMESG

eServGlobal Limited

19 March 2019

eServGlobal Limited ("eServGlobal" or the "Company")

Mastercard's agreement to acquire Transfast

19 March 2019

eServGlobal (LSE: ESG.L & ASX: ESV.AX), a pioneering digital transactions technology Company, highlights the announcement made by Mastercard regarding its entry into an agreement to acquire Transfast (attached as an annexure to this announcement) as evidence of Mastercard's continued interest and investment in the cross-border space.

HomeSend, eServGlobal's joint venture with Mastercard, has been working directly with Mastercard to offer new innovative cross-border services to banks via Mastercard Send. In 2018, HomeSend processed account-to-account transactions originating from Mastercard Send for Cross Border for the first time. This launch was a culmination of a lengthy integration process to ensure that HomeSend's capability and endpoints could be offered seamlessly via Mastercard Send's service.

Transfast is a network partner of HomeSend, offering reach and connectivity principally into Africa and Latin America, together with foreign exchange and ancillary services. Network relationships are a critical element of HomeSend's services and HomeSend continues to grow these partnerships through several regional network partners, such as Transfast, together with HomeSend's own direct connections, to deliver across multiple markets and channels.

HomeSend is committed to its strategy and continues to work closely with Mastercard to support and drive the significant opportunity for the joint venture and Mastercard Send within the cross-border market.

For further information, please contact:

 
 eServGlobal                                          www.eservglobal.com 
 John Conoley, Executive Chairman                     [e-mail] 
  Tom Rowe, Company Secretary 
  Andrew Hayward, Chief Financial Officer 
  Alison Cheek, VP Corporate Communications 
 finnCap Limited (Nomad and Broker)                   www.finnCap.com 
  Corporate Finance: Jonny Franklin-Adams /            T: [phone] 
  Anthony Adams / Hannah Boros                         0500 
  Corporate Broking: Tim Redfern / Richard Chambers 
 Tulchan Communications LLP                           www.tulchangroup.com 
  Jonathan Sibun / Matt Low                            T: [phone] 
 

About eServGlobal

eServGlobal (AIM:ESG, ASX:ESV) is a pioneering digital financial transactions technology company, enabling financial and telecommunications service providers to create smoother transactions for their customers through deep technical expertise and rapid implementation. Built on the latest technology platforms, eServGlobal offers a range of transaction services including digital wallets, commerce, remittance, recharge, rapid service connection and business analytics. eServGlobal combines more than 30 years' experience, with an agile, future-focused mindset, to align with the requirements of customers and partners around the globe.

Together with Mastercard, eServGlobal is a joint venture partner of the HomeSend global payment hub, enabling cross-border transfer between bank accounts, cards, mobile wallets, or cash outlets from anywhere in the world.

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March 19, 2019 03:02 ET (07:02 GMT)