eServGlobal Limited eServGlobal secures new projects in Middle East (6107O)

TIDMESG

RNS Number : 6107O

eServGlobal Limited

31 January 2019

eServGlobal Limited (eServGlobal or the "Company")

eServGlobal secures new projects in the Middle East

31 January 2019

eServGlobal (LSE: ESG.L & ASX: ESV.AX), a pioneering digital transactions technology company, announces the successful signing of two new contracts with existing customers in the Middle East.

Both projects are for eServGlobal's flagship PayMobile solution and represent a combined total value of approximately EUR1M.

The first contract is an upgrade project with a UAE operator, valued at EUR600,000. eServGlobal will provide an upgrade to its mPOS (mobile point of sale) solution.

The other project involves a three-year contract with an existing customer in the Middle East to provide voucher and electronic top-up.

As an existing technology vendor to both operators, eServGlobal's solutions were chosen based on their market-proven stability, reliability and operational sustainability.

James Hume, eServGlobal COO, said, "We had previously announced the delay of certain new project orders on 10 December 2018 and I am pleased to confirm that the Company has now secured the first two of these. Both of these contracts, signed in the Middle East, are illustrative of our long-standing customer relationships and our reputation as a trusted technology provider in the region."

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.

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] 
 

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January 31, 2019 02:01 ET (07:01 GMT)