TIDMESG
eServGlobal Limited
29 July 2011
eServGlobal Limited (eServ or the "Company")
HomeSend - new remittance corridor to Smart Communications,
Philippines
Paris: 29 July 2011
eServGlobal announces a new connection for the HomeSend
remittance service between its strategic business partner BICS and
Smart Communications, the largest mobile network operator in the
Philippines.
Smart Communications has over 45 million subscribers in the
Philippines and a strong track record in providing domestic mobile
money services. Through HomeSend, Smart Communications will be able
to offer remittance services to their mobile money users. The
Philippines receives over US$20 Billion in international remittance
reach year and is one the top remittance receiving countries in the
world. For example, in 2010, Qatar and the United Kingdom sent over
US$500 million each in remittances to the Philippines.
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. HomeSend is offered by BICS and
based on eServGlobal technology. BICS is a leading global provider
of Voice, Messaging, Roaming, Connectivity and Mobile Financial
Services. Benefiting from a first mover advantage, HomeSend is the
only mobile-centric international remittance hub endorsed by the
GSMA, with existing remittance corridors operating between
countries including the UK, the Philippines, Belgium, Ghana and
Morocco.
The BICS and Smart Communications release is attached to this
announcement.
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 aligned with the
requirements of more than 70 customers in over 45 countries.
With 13 offices globally, eServGlobal provides full "end-to-end"
and "any account to any account" Mobile Financial Services and
International Money Transfers. 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 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 1 4612 7746
Cenkos Securities plc www.cenkos.com
Ivonne Cantu/Stephen Keys (Nomad) T: +44 (0) 20 7397 8980
Threadneedle Communications T: +44 (0) 207 653 9847
Caroline Evans-Jones/Josh Royston/Hilary
Millar
HomeSend taps Smart for remittance corridor in the
Philippines
[Manila, Philippines & Brussels, Belgium - 29 July 2011]The
Philippines' leading wireless services provider Smart
Communications, Inc. (Smart) and BICS, a prominent international
provider of Voice, Messaging, Roaming, Connectivity and Mobile
Financial Services, announced today a new remittance corridor for
HomeSend, which will make it easier to send money from Belgium,
Qatar and the UK to Smart Money, Smart's mobile wallet service.
This deal will enable people living in Belgium, Qatar and the UK
to remit money instantly and cost effectively to the mobile phones
of relatives and friends who are Smart Money users. The sending
markets will gradually be expanded to include other Middle Eastern
countries and the US.
The remittance transactions to Smart Money are facilitated
through HomeSend, a global remittance hub built under a strategic
partnership agreement between BICS and eServGlobal. HomeSend allows
the transfer of any type of funds, such as airtime and cash, 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 Smart to help address the needs of
mobile phone users across a broad spectrum -- ranging from those
who travel frequently, to those who do not have a formal bank
account. This partnership now makes it possible for the HomeSend
community to send money to Smart's mobile subscriber base in the
Philippines, and reinforces our goal to enable a truly global
mobile remittance ecosystem."
"Smart Money has been designed to provide people with an
affordable, relevant and accessible way of sending money to their
loved ones," said Tricia V. Dizon, Smart Financial Services Head.
"We are excited to combine the simplicity and ubiquity promised by
our Smart Money platform with the wide network of BICS, to serve
and benefit a wider market around the world."
Smart Money is issued by BDO Unibank, Inc. (BDO) in the
Philippines. [END]
About Smart
Smart Communications, Inc. is the Philippines' leading wireless
services provider with 46.6 million subscribers on its GSM network
as of end-March 2011. Smart has built a reputation for innovation,
having introduced world-first wireless data services, including
mobile commerce services such as Smart Money, Smart Load and Smart
Padala. Smart also offers 3G and HSPA services. Its Smart Link
service provides communications to the global maritime industry.
Smart Broadband, Inc., a wholly-owned subsidiary, offers a wireless
broadband service, Smart BRO, with over 1.4 million subscribers as
of end-March 2011. Smart is a wholly-owned subsidiary of the
Philippines' leading telecommunications carrier, the Philippine
Long Distance Telephone Company. For more information, visit
http://www.smart.com.ph.
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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