eServGlobal Limited eServGlobal showcase mobile money at Zain Conf. (1451X)
17 Novembre 2014 - 8:01AM
UK Regulatory
TIDMESG
RNS Number : 1451X
eServGlobal Limited
17 November 2014
eServGlobal Limited (eServGlobal or the "Company")
eServGlobal to showcase its mobile money solution at the Zain
Technology Conference
Paris: 17 November 2014
eServGlobal (LSE: ESG.L & ASX: ESV.AX), the provider of
end-to-end mobile financial services to emerging markets, is
pleased to be presenting a live demo of its mobile money and EVD
(Electronic Voucher Distribution) solution at the 4(th) annual Zain
Technology Conference (ZTC) in Instanbul this week. Zain, a tier 1
mobile telecommunications group with eight operations across the
Middle East and Africa, is hosting the event to highlight the
latest innovations that support and drive Zain's operations and
strategy.
eServGloval last year announced a three-year framework agreement
with the Zain Group to provide an end-to-end mobile money and EVD
solutions across Zain Group's operations.
Mobile money and mobile financial services are a key element in
the Zain Group strategy. Through innovative product design and
marketing strategies, Zain aims to maximise the benefit of mobile
money and give customers new alternatives to financial
transactions. Zain Group coverage extends to more than 44.4 million
subscribers spanning Kuwait, Bahrain, Iraq, Jordan, Lebanon, Saudi
Arabia, South Sudan and Sudan. Notably, in several of Zain's
markets, over 90% of the population does not have access to banking
facilities.
Paolo Montessori, CEO, eServGlobal, said, "We have worked
closely with Zain to launch mobile money solutions which will not
only meet the needs of their users today, but will grow in size and
features to exceed expectations for years to come. Mobile money is
a rapidly evolving space and we are committed to working with Zain
to ensure our solutions are putting next-generation services in the
hands of their users."
Scott Gegenheimer, CEO, Zain Group, commented, "ZTC is growing
bigger with every passing year, reflecting the development of the
dynamic telecommunications industry, where today's innovations are
tomorrow's differentiators. Together with our trusted partners,
technology innovation and its implementation to enhance our
customer's mobile experience lies at the heart of what Zain is
doing."
Zain promotes the main benefits of mobile money to consumers
as:
-- Convenience and easy-of-use as it gives straightforward access to money anywhere at anytime
-- Mobile money is secure and more flexible than cash, allowing
consumers to make payments remotely
-- Mobile money provides an affordable way to access banking facilities
-- One-stop shop experience
-- Multiple services are available over the mobile platform such
as being able to make calls, send SMS, send airtime, access bank
account, and send money
Zain's mobile commerce services have a transformational effect
on unbanked populations as they open financial systems to formally
excluded population segments. This kind of change is crucial in
emerging markets where financial inclusion is key to economic
development. In addition to unbanked members of the population,
mobile money services will also be offered to small and medium
sized enterprises (SME), which will facilitate further economic
development and GDP growth.
About eServGlobal
eServGlobal (LSE: ESG.L & ASX: ESV.AX) 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 features. eServGlobal invests heavily in product
development, using carrier-grade, next-generation technology and
aligning with the requirements of more than 65 customers in over 50
countries.
Together with MasterCard and BICS, eServGlobal is a joint
venture partner of the HomeSend global payment hub, a market
leading solution based on eServGlobal technology and enabling
cross-border money transfer between mobile money accounts, payment
cards, bank accounts or cash outlets from anywhere in the world
regardless of the users location.
eServGlobal also builds on its extensive experience in the telco
domain to offer a comprehensive suite of sophisticated, revenue
generating Value-Added Services to engage subscribers in a dynamic
manner.
eServGlobal has been a source of innovative solutions for mobile
and financial service providers for 30 years.
For further information, please contact:
eServGlobal www.eservglobal.com
Alison Cheek, Communications Manager T: +33 (0)1 4612 7746
Canaccord Genuity Limited (Nomad and Broker) www.canaccordgenuity.com
Simon Bridges / Cameron Duncan / Brendan T: +44 (0) 20 7523 8000
Gulston
Charles Stanley Securities www.csysecurities.com
Dugald Carlean / Paul Brotherhood T: +44 (0) 20 7149 6000
Newgate Threadneedle www.newgatethreadneedle.com
Hilary Buchanon / Josh Royston / Jasper T: +44 (0) 20 7653 9850
Randall
This information is provided by RNS
The company news service from the London Stock Exchange
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