DUBAI, UAE, October 25, 2010 /PRNewswire/ -- EastNets, a
leading global provider of compliance and payments solutions and
services, has announced that it has recently signed a partnership
with BICS, a leading global provider of Voice, Messaging, Roaming,
Connectivity and Mobile Financial Services, to connect its newly
launched mobile remittance solution known as en.MoRe to BICS'
HomeSend solution.
The partnership between EastNets and BICS creates a new mobile
remittance solution, scheduled to go live this month, enabling
consumers to simply use their mobile phone to trigger a money
transfer transaction in an easier, more cost-effective and more
convenient way compared with traditional remittance approaches.
"EastNets en.MoRe solution delivers great value to our HomeSend
customers who can already send mobile to mobile transactions," said
Frederic Schepens, Senior Vice
President, BICS. "With this partnership we essentially bring a
mobile hub together with a bank hub to create a unique solution
that allows our HomeSend customers to transfer money from their
electronic wallet to a bank where it can be collected as cash. We
are excited about this relationship because together we offer a
solution that is very scalable and can build market share very
quickly."
"EastNets' partnership with BICS is a key step in line with our
goal to establish a strong presence in the growing remittances
market. We are likewise confident that en.MoRe will allow BICS to
expand its own market base by acquiring new customers who want to
utilise the mobile remittance solution," said Hazem Mulhim, CEO of
EastNets.
This partnership will help mobile network operators and banks to
target the estimated 200 million migrant workers around the globe
who send money to friends and families on a regular basis. EastNets
and BICS have plans to expand the market coverage in the coming
months, starting with a many-to-many network between mobile network
operators in 10 sending countries and banks in 15 receiving
countries. The service will be offered in key markets such as
Pakistan, India, the
Philippines and the Middle
East.
en.MoRe is a technology platform and payment scheme to enable
banks to interoperate globally. It allows banks to connect to a
single hub that is already linked via SWIFT to more than 8,000
banks worldwide. EastNets is currently in the process of obtaining
certification for the SWIFTReady Workers' Remittance Label with its
en.MoRe solution. EastNets can also offer electronic wallet
services and solutions that comply with anti-money laundering
regulations to simplify implementation.
The HomeSend solution on the other hand is a global hub service
that allows any mobile operator in any country to access and
benefit from the international remittance market. Powered by
eServGlobal and operated by BICS, it enables cross border
person-to-person money transfers, airtime exchange and roaming
recharge.
About EastNets
EastNets is a leading provider of global compliance and payment
solutions and services with over 1,000 customers in 120 countries.
Founded in 1984, EastNets has over 25 years of experience serving
financial institutions and corporates around the globe. EastNets
provides Compliance Solutions including anti-money laundering and
anti-fraud; Resilient SWIFT Solutions for SWIFT FIN/XML reporting,
duplicate detection management, disaster recovery, and outsourced
SWIFT connectivity with its SWIFT Service Bureau; and Mobile
Remittances Solutions enabling secure, compliant mobile
remittances. In addition, EastNets delivers a full range of SAA
payment architecture consulting, implementation services, training
and maintenance to help clients protect, manage and improve their
SWIFT environment. For more information, please visit
http://www.eastnets.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: http://www.bics.com.
About eServGlobal
eServGlobal specializes in Mobile Money solutions and
Value-Added Services (VAS), to help Telco 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 60 customers in over 45 countries. For 24
years, mobile, fixed, Internet and multiplay telco providers have
used our capabilities to lead and innovate in their local markets,
leveraging their core assets and their trusted agent and subscriber
relationships.
With 14 offices globally, eServGlobal provides full "end-to-end"
and "any account to any account" Mobile Financial Services and
International Money Transfers. Our HomeSend solution is the only
mobile-centric international remittance hub to gain endorsement
from the GSM Association.
Our Value-Added Services in promotions, loyalty, messaging and
multiplay are focused around the transaction and enable service
providers to engage with the subscriber in a personalized and
dynamic manner. To reduce time to market and manage exposure to
CAPEX, we now offer multiple licensing alternatives, including
SaaS-based flexible, revenue-share pricing.
eServGlobal is listed on the Australian Stock Exchange (ESV) and
the London Stock Exchange AIM (ESG).
More information at: http://www.eservglobal.com