eServGlobal Limited HomeSend approved for Payment Institution Licence (7912O)
February 11 2016 - 5:52AM
UK Regulatory
TIDMESG
RNS Number : 7912O
eServGlobal Limited
11 February 2016
eServGlobal Limited ("eServGlobal" or the "Company")
HomeSend approved for Payment Institution Licence
11 February 2016
eServGlobal (AIM:ESG & ASX:ESV), the provider of end-to-end
mobile financial services to emerging markets, announces that
HomeSend, a Joint Venture between MasterCard, eServGlobal and BICS
to create a market-leading global payment hub, has been granted a
Payment Institution Licence by the Central Bank of Belgium.
A Payment Institution Licence is a key milestone in HomeSend's
development strategy, allowing it to further strengthen and expand
its market coverage. The establishement and maintenance of a
Payment Licence was identified as a use of funds of the HomeSend
capital raise announced in September 2015. The Licence enables
HomeSend to operate in certain regions, including key new markets
in the Asian subcontinent and Far East, and to secure new types of
partners.
HomeSend is a disruptive, multilateral global payments hub,
which allows all players in the substantial global payments space
to interoperate via a single connection. HomeSend, as a B2B
solution, plays a unique role in offering interconnectivity
between, MTOs, Telcos, Banks, Mobile Money Providers and Financial
Service Providers. The World Bank estimates that remittance flows
to developing countries will reach US$516 billion in 2016.
Executive Chairman, John Conoley, said "Today's announcement is
an important step forward for HomeSend. The Payment Institution
Licence is a key enabler in building the addressable partner,
geographical and consumer base of the HomeSend hub.
"This builds on the recent structural progress of going live
with the new PCI-DSS compliant data centre, which will enable
integration with the MasterCard network. eServGlobal remains
confident in the progress and long-term success of the HomeSend
Joint Venture."
For further information, please contact:
eServGlobal www.eservglobal.com
Tom Rowe, Company Secretary T: +61 (0) 2 8014
Alison Cheek, VP Corporate Communications 5050
investors@eservglobal.com
Canaccord Genuity Limited (Nomad www.canaccordgenuity.com
and Broker) T: +44 (0) 20 7523
Simon Bridges / Cameron Duncan 8000
/ Emma Gabriel
Alma PR (Financial Public Relations) www.almapr.co.uk
Josh Royston / Hilary Buchanan T: +44 (0) 208 004
/ John Coles 4218
About eServGlobal
eServGlobal (AIM:ESG, ASX:ESV) offers mobile money solutions
which put feature-rich services at the fingertips of users
worldwide, covering the full spectrum of mobile financial services,
mobile wallet, mobile commerce, recharge, promotions and agent
management. For more than 30 years, eServGlobal has been a source
of innovation for telcos and financial institutions. Using
carrier-grade, next-generation technology, eServGlobal aligns with
the requirements of customers around the globe.
Together with MasterCard and BICS, eServGlobal is a joint
venture partner of the HomeSend global payment hub, enabling
cross-border money transfer between mobile wallets, cards, bank
accounts or cash outlets from anywhere in the world.
This information is provided by RNS
The company news service from the London Stock Exchange
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