eServGlobal Limited HomeSend launches with Hello Paisa, Sth Africa
14 Dicembre 2015 - 8:14AM
RNS Non-Regulatory
TIDMESG
eServGlobal Limited
14 December 2015
eServGlobal Limited (eServGlobal or the "Company")
HomeSend launches remittance service with Hello Paisa in South
Africa
Paris: 14 December 2015
eServGlobal (AIM:ESG & ASX:ESV) is pleased to announce an
agreement between HomeSend and Hello Paisa, a South African money
transfer operator, to provide remittance services for users in
South Africa. Through the partnership with HomeSend, Hello Paisa
users have access to a fast and efficient way to send money to
friends and family in other countries.
HomeSend is a joint venture between MasterCard, eServGlobal and
BICS.
The full announcement made today by HomeSend is set out
below.
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 features. eServGlobal invests heavily in product
development, using carrier-grade, next-generation technology and
aligning with the requirements of more than 60 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 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, VP Corporate Communications T: +33 (0)1 4612
7746
Canaccord Genuity Limited (Nomad www.canaccordgenuity.com
and Broker) T: +44 (0) 20 7523
Simon Bridges / Cameron Duncan 8000
/ Emma Gabriel
PRESS RELEASE
HomeSend launches remittance service with Hello Paisa in South
Africa
New corridors extend quick, low-cost services money transfer
services for users in South Africa
Johannesburg, 14 December 2015 - HomeSend, the international
payment and money transfer hub, today announced the launch of live
remittance services for Hello Paisa, a South African money transfer
operator offering a fast and efficient way for customers to send
money to friends and family in other countries.
A joint venture between MasterCard, eServGlobal and BICS,
HomeSend is changing the way money moves around the world by
bridging the gap between financial institutions, non-financial
entities and mobile network operators. Through a connection to
HomeSend, Hello Paisa users can now send international remittances
to multiple new money transfer destinations including Kenya,
Zimbabwe, Nigeria and Bangladesh.
"Our mission at Hello Paisa is to offer those migrants living
and working in South Africa a secure, cost effective way of sending
money to their loved ones all around the world with technology at
the very core," said Mr Ahmed Cassim, CEO, Hello Paisa. "Our
partnership with HomeSend enables us to further extend these
important services by offering cross-border remittance to key new
markets."
"As more and more people move away from their country of birth,
the demand grows for innovative methods of money transfer to enable
those living away to access safe and convenient ways to get funds
back to the people they care about," said Stephen Doyle, CEO,
HomeSend. "The rise of mobile money has also built a demand for
international money transfer direct to a mobile wallet. We will
work with partners such as Hello Paisa to provide these important
services to users in South Africa and around the world."
According to the World Bank there are more than 1.8 million
immigrants living in South Africa. This significant immigrant
population has created a demand for cost-effective, safe remittance
services in that country. The World Bank estimates that during 2014
migrants living in South Africa sent an estimated USD2.8bn in
remittances to their family and friends in other countries.
HomeSend enables consumers to send money to and from mobile
money accounts, payment cards, bank accounts or cash outlets
regardless of their location or that of the recipient.
About Hello Paisa
Since being licensed by the South African Bank, Hello Paisa has
successfully launched the remittance offering to migrants living
and working in South Africa. Hello Paisa offers a convenient,
secure and affordable means for migrants to send cash home. With
Hello Paisa we have taken the world's most expensive remittance
corridor and turned it on its head, by lobbying legislation and
most importantly leveraging technology to drive down the cost of
remitting funds and making it accessible to all, by taking into
account the constraints that exist in our target market, with Hello
Paisa you can transact via our Android App, our call centre but
most importantly we have built a USSD dial string which is FREE for
the customer to dial and transact overcoming the access barrier
that existed before, thus we have successfully managed to solve a
problem where many have failed before and changed the face of
remittance in South Africa forever.
About HomeSend
HomeSend is a joint venture created by MasterCard, eServGlobal
and BICS that enables B2B cross-border and cross-network value
transfers through a single connection. It builds on the successful
deployment of mobile enabled person-to-person transfers in emerging
markets and the digitalization of money transfer services. The
HomeSend service innovatively bridges the gap between finance and
telecommunication service providers and enables consumers to send
money to and from mobile money accounts, payment cards, bank
accounts or cash outlets - regardless of their location or that of
the recipient.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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December 14, 2015 02:14 ET (07:14 GMT)
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