PARIS, March 5, 2014 /PRNewswire/ --
eServGlobal (LSE: ESG & ASX: ESV), the provider of
end-to-end mobile financial services to emerging markets, announces
that it will partner with MNepal Limited, a
consortium of bank and non bank entities, to offer a mobile
financial service solution in Nepal.
(Photo:
http://photos.prnewswire.com/prnh/20140305/673638 )
(Logo:
http://photos.prnewswire.com/prnh/20120730/552126 )
eServGlobal and MNepal will offer a shared technology platform
which can be accessed by all banks and financial institutions in
the country to extend mobile financial services to their users. The
service will operate as a common brand mobile financial service
allowing multiple banks and financial institutions to join as
members.
Paolo Montessori, CEO and Managing
Director, eServGlobal, said, "MNepal are an
exciting company focussed on finding new and dynamic ways to extend
valuable services to the people of Nepal. Their focus on innovation presents many
synergies with eServGlobal. This projects represents an opportunity
to bring some coherence to the mobile finance market in
Nepal. Offering a neutral,
agnostic and interoperable mobile money platform which can be
accessed by all, will open the possibilities of mobile money to the
whole country.
"I am confident that this project will not only be successful in
the Nepalese market but will serve as an example which will be
replicated by mobile money solutions across other regions."
Mangesh Lal Shrestha, Board
Director, MNepal, said, "We believe that, together with
eServGlobal, we can build a financial ecosystem which will meet the
needs of users across our nation, both today and for years to come.
We have partnered with eServGlobal due to their strong foothold in
the industry and proven records and vision, which aligns with
MNepal's vision. We hope to scale in an examplary manner within the
evolving mobile money and commerce ecosystem for inclusive,
accessible and state of the art platforms. We believe this
partnership today is just the beginning."
The service will offer a comprehensive suite of mobile money
services to users as well as extending to provide mobile-centric
microfinance services such as loans, savings and insurance
complemented by loyalty and segmentation features.
The population of Nepal is
approximately 30 million. According to the World Bank, only 25% of
the population of Nepal over the
age of 15 hold an account at a formal financial institution, while
around 70% of the population have a mobile phone. These factors
make Nepal a very promising market
for mobile financial services.
http://www.eservglobal.com
http://www.mnepal.com/