TIDMESG
RNS Number : 0226V
eServGlobal Limited
04 January 2012
eServGlobal Limited (eServGlobal or the "Company")
HomeSend agreement between BICS and Lycamoney enables mobile
remittances between the UK, Morocco and the Philippines
Paris: 5 January 2012
eServGlobal announces the launch of new mobile remittance
corridors for the HomeSend service following an agreement between
its strategic business partner BICS and Lycamoney, the financial
services division of Lycamobile UK and affiliate of the
multinational operator group, Lycatel. The new corridors are
between the UK, Morocco and the Philippines.
Lycatel is one of the leading MVNO's in Europe with over 6
million customers and a particular focus on providing services to
the pre-paid international immigrant and expatriate community, the
most likely to use mobile money and international remittance
services. UK migrant workers sent home over $1.2Bn in 2009,
according to the World Bank.
Lycamoney provides subscribers with a domestic mobile money
solution, extending this scheme to offer international remittance
is a natural progression. With a base of users in a developed world
market, Lycamoney is expected to bring sending power to the
HomeSend hub.
HomeSend continues to set the standard for international
interoperability in mobile money transfer by creating a seamless
connection between a variety of mobile money systems and financial
institutions around the world. The HomeSend mobile remittance hub
service is offered by BICS and based on eServGlobal's technology.
BICS is a leading global provider of Voice, Messaging, Roaming,
Connectivity and Mobile Financial Services.
HomeSend, which benefits from a first mover advantage, is the
only mobile-centric international remittance hub endorsed by the
GSMA, with remittance corridors operating between countries
including the UK, Qatar, the Philippines, Pakistan, Belgium, Ghana
and Morocco.
The BICS and Lycamoney release is attached to this
announcement.
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 75 customers in over 55 countries.
For more than 25 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 13 offices globally, eServGlobal provides full "end-to-end"
and "any account to any account" Mobile Money Services and
International Remittance Services. The HomeSend solution is the
only mobile-centric international remittance hub to gain
endorsement from the GSM Association. The HomeSend Certification
Program ensures security and interoperability by certifying
domestic mobile wallet providers, money transfer organizations, and
financial service providers to connect to the hub.
eServGlobal's Value-Added Services in promotions, loyalty and
messaging enable service providers to engage with their subscribers
in a personalized and dynamic manner.
To reduce time-to market and to meet the needs of operators and
banks, eServGlobal provides multiple licensing alternatives as well
as SaaS-based products and services.
eServGlobal is listed on the Australian Securities Exchange
(ESV) and the London Stock Exchange AIM (ESG). More information at:
www.eservglobal.com
For further information, please contact:
eServGlobal www.eservglobal.com
Alison Cheek, Communications Manager T: +33 (0) 1 4612 7746
Cenkos Securities plc www.cenkos.com
Ivonne Cantu/Stephen Keys (Nomad) T: +44 (0) 20 7397 8980
Threadneedle Communications www.threadneedlepr.co.uk
Caroline Evans--Jones/Josh Royston/Hilary T: +44 (0) 20 7653 9850
Millar
PRESS RELEASE:
LYCAMONEY AND BICS SIGN AGREEMENT TO BOOST MOBILE REMITTANCES
BETWEEN UK, MOROCCO AND THE PHILIPPINES
London, UK - 5(th) of January 2012
Lycamoney, the Financial Services division of the Lycamobile
Group, and BICS, part of the Belgacom Group and a prominent
international provider of Voice, Messaging, Roaming, Connectivity
and Mobile Financial Services, today announced that they have
launched new remittance corridors between the UK, Morocco and the
Philippines. Lycamoney users will be able to send money instantly
and cost effectively to their friends and family anywhere in
Morocco and the Philippines, through the HomeSend remittance
hub.
HomeSend is a strategic business partnership between BICS and
eServGlobal, allowing the real-time transfer of any type of funds,
and from various fund sources, such as eWallets, bank accounts,
scheme cards and cash.
Milind Kangle, CEO of the Lycamobile Group commented "Mobile
Money Transfer" is the next exciting step towards realising our
strategy to service the communication, travel and financial
services needs of ethnic and immigrant communities around the
world. Our customers tell us that they need a simple and secure way
to send money home and the HomeSend service is just what our
customers are looking for. We chose to partner with BICS for this
product following extensive market evaluation and research. All of
our Lycamoney card holders will have access to the "Lyca Mobile
Money Transfer" service which will initially be accessed within the
secure banking portal we currently provide. We believe there will
be a rapid take up of the service as our customers benefit from
this quick and inexpensive way to send money home to their family
in Morocco and the Philippines.
Frederic Schepens, SVP Mobile Financial Services at BICS said
"We are delighted to work together with Lycamoney to boost
international money transfers in the UK. This partnership makes it
in a first phase possible for the Lycamoney Prepaid Card users to
send money easily and rapidly to Morocco and the Philippines.
Ultimately, it will provide Lycamoney access to all
the HomeSend hub members, and as such reinforce our goal to
enable a truly global mobile remittance ecosystem."
For further information, please contact:
BICS Lycamoney
Catherine Bals Chris Liveing
Director Marketing & Communications Group Marketing Director
catherine.bals@bics.com Chris.liveing@lycamobile.com
+32 473 92 28 10 +44 20 7536 6450
About Lycamoney
Lycamoney Limited was first established in 2009 to evaluate the
existing market, gain consumer insight and then deliver a
world-class financial services portfolio.
The first product launched in the UK early 2011 was the
Lycamoney Prepaid MasterCard(R); the Lycamoney Card is issued by
Transact Network limited under Licence from MasterCard
International.
MasterCard and the MasterCard Brand Mark are registered
trademarks of MasterCard International Incorporated.
For more information visit: www.lycamoney.com.
About BICS
BICS delivers best in class global solutions for Voice,
Messaging, Roaming, Connectivity and Mobile Financial Services to
hundreds of telecommunication providers around the world. With our
passionate and creative teams located in Brussels, Bern, Monaco,
Dubai, Singapore and New York, we continuously strive to provide
our customers with the highest levels of quality, reliability and
interoperability that enable them to maximise end-user value. Our
innovative approach is visible through our place at the forefront
of the market consolidation and technology advancement. We are a
joint venture of Belgacom, Swisscom and MTN, and have rolled out
transformative Next Generation Networks (NGN). This together with
our continued focus on Value Added Services for Mobile Operators
and our growth strategy has enabled us to reach a world-leading
position both on the International Voice and Mobile Data
markets.
For more information, please visit: www.bics.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
AGRFMGGMZDFGZZZ
Eservglobal (LSE:ESG)
Historical Stock Chart
From Jun 2024 to Jul 2024
Eservglobal (LSE:ESG)
Historical Stock Chart
From Jul 2023 to Jul 2024