eServGlobal Limited eServGlobal & MasterCard Mobile Money Partnership (5392Y)

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RNS Number : 5392Y

eServGlobal Limited

25 February 2013

eServGlobal Limited (eServGlobal or the "Company")

eServGlobal joins MasterCard's Mobile Money Partnership Program

Paris: 25 February 2013

eServGlobal (LSE: ESG & ASX: ESV), the global telecoms software vendor specialising in mobile money

and value-added services, announces an agreement to join the MasterCard Mobile Money Partnership Program (MMPP).

The Program, an initiative of MasterCard, was launched in February 2012 and is designed to help more than 2.5 billion financially-underserved consumers around the world use their mobile phones to access mainstream financial services.

eServGlobal is an established technology provider, offering a comprehensive suite of end-to-end mobile financial services to operators and financial service providers worldwide. In addition to core mobile money services such as P2P transfers, airtime top-up and bill payment, eServGlobal's portfolio encompasses services ranging from mobile international remittance to micro-insurance, micro-savings and micro-loans. The MasterCard Mobile Money Partnership program complements eServGlobal's open-loop mobile money solutions which link mobile wallets to the MasterCard network via companion cards. eServGlobal has more than 95 mobile and financial services customers in over 65 countries.

"Mobile has the unique potential to provide financial inclusion in emerging markets like Latin America, the Middle East and Africa. In fact, 16 percent of adults in Sub-Saharan Africa report having used a mobile phone in the past 12 months to pay bills or send or receive money," said Mung Ki Woo, Group Executive, Mobile, MasterCard Worldwide. "The addition of eServGlobal into the Mobile Money Partnership Program increases our collective reach and influence in emerging markets where better access to electronic payments is vital. Each of the partners brings their own unique contribution to the program, and we look forward to working with them to address one of the defining challenges of our time."

"We believe that mobile money is a service that can change people's lives in developing countries, yet it requires the right infrastructure, ecosystem and marketing," said Craig Halliday, CEO and Managing Director, eServGlobal. "We believe that by partnering with MasterCard, we can help to further the Mobile Money Partnership Program and in turn progress financial inclusion around the globe."

While only about half of the world's households have bank accounts - and an even lower proportion in developing countries - seven out of 10 people worldwide have a mobile phone. Mobile technology is a key driver in realizing a world beyond cash, providing access to the economic mainstream, delivering the benefits of safety and security that are part of electronic payments, creating profoundly new shopping experiences and enabling millions of consumers to lead a more connected life.

The Mobile Money Partnership Program offers consumers the following MasterCard services:

   --              Prepaid companion cards that can be used at merchants that accept MasterCard cards. 

-- Virtual card accounts for consumers to make eCommerce payments with their mobile money account.

-- Person-to-person payments between subscribers of two different mobile money services.

-- Face-to-face or remote payments using mobile phones for goods and services at merchants that do not have traditional POS acceptance.

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 95 customers in over 65 countries. For 30 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 12 offices globally, eServGlobal provides full "end-to-end" and "any account to any account" Mobile Money Services and International Remittance Services. Delivered in partnership with BICS, the 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.

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

About MasterCard

MasterCard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. We operate the world's fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard's products and solutions make everyday commerce activities - such as shopping, traveling, running a business and managing finances - easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardNews, join the discussion on the Cashless Conversations Blog and subscribe for the latest news.

For further information, please contact:

 
 eServGlobal                                  www.eservglobal.com 
 Alison Cheek, Communications Manager         T: [phone] 
 Cenkos Securities plc                        www.cenkos.com 
  Ivonne Cantú/Stephen Keys (Nomad)       T: [phone] 
 Charles Stanley Securities                   www.csysecurities.com 
  Dugald Carlean/Paul Brotherhood              T: [phone] 
 Newgate Threadneedle                         www.newgatethreadneedle.com 
  Caroline Evans--Jones/Josh Royston/Hilary    T: [phone] 
  Millar 
 

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