TIDMESG
RNS Number : 1703S
eServGlobal Limited
16 November 2011
eServGlobal Limited (eServGlobal or the "Company")
HomeSend - new agreement with Tranglo remittance hub
Paris: 16 November 2011
eServGlobal announces an agreement for the HomeSend remittance
service with Tranglo, a mobile financial transaction hub based in
Asia.
Tranglo have an established international airtime transfer
business, particularly in Asia. Their remittance offer focuses on
providing services to the international migrant community and the
synergy between HomeSend and Tranglo will enable the widest
coverage and the most cost effective transactions. This agreement
will enable HomeSend to access multiple countries in Asia both on
the sending and the receiving side. The first corridors between
HomeSend and Tranglo are expected to go live in 2012.
"Hub to hub peering is key to the success of Mobile Money.
HomeSend's connection to Tranglo represents an important step on
the journey towards building an open and interoperable ecosystem,"
commented Katia Hilal, Vice President Marketing & Alliances,
eServGlobal, "Mobile Money deployments around the globe are gaining
momentum, while simultaneously the World Bank is predicting
continued growth in international remittance. We believe that
HomeSend will play a pivotal role in the advancement of the Mobile
Money world."
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 based on eServGlobal's innovative technology and
operated by BICS, who is a leading provider of international
hubbing and connectivity services for more than 250 mobile
operators worldwide. 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 Tranglo 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: BICS AND TRANGLO SIGN AGREEMENT TO CONNECT TO
HOMESEND
Brussels, Belgium - 16 November 2011
BICS, a leading global provider of wholesale carrier services
and a pioneer in the mobile financial services market, and Tranglo,
a prominent international mobile financial transactions hub
operator in Malaysia, today announced that Tranglo has connected to
the international remittance hub, HomeSend. This partnership will
enable new HomeSend corridors across Asia, specifically from
Malaysia as well as towards Indonesia and the Philippines.
Tranglo operates gloTransfer, gloReload and gloRemit, an
international mobile airtime credit and electronic money remittance
hub. This service enables migrants to effectively and affordably
transfer funds internationally.
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,
credit cards and cash.
Frederic Schepens, SVP Mobile Financial Services at BICS said
"We are delighted to work with Tranglo and to leverage their
unusual role as both a sending as well as receiving partner in
Asia. In turn Tranglo benefits from HomeSend's growing ecosystem
globally."
Sia Hui Yong, Tranglo's CEO said "We are very excited and
pleased with the cooperation with BICS. Through this smart
partnership, both BICS and Tranglo will be able to synergize our
strength to provide the widest coverage and most cost-effective
transactions for our global partners."
About Tranglo
Tranglo is a leading international mobile financial transactions
hub operator that enables cross-border airtime exchange, money
transfer and bill payment via its award-winning innovative
solutions gloTransfer and gloRemit. Tranglo works with prominent
mobile operators and financial institutions,
vendors/resellers/distributors, remittance service providers across
the globe. Tranglo currently has local offices in Netherlands,
Lebanon, Malaysia and Indonesia, and representative offices in
United States, Australia, UAE and United Kingdom. For more info on
Tranglo, please visit www.tranglo.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.
For further information, please contact:
BICS Tranglo
Catherine Bals, Director Marketing Jonathan Lee, Business Development
& Communications Manager, Remittance
catherine.bals@bics.com Jonathan.lee@tranglo.com
+32 473 92 28 10 +603 2241 4188
This information is provided by RNS
The company news service from the London Stock Exchange
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