eServGlobal Limited eServGlobal & MasterCard Mobile Money Partnership (5392Y)
25 February 2013 - 6:01PM
UK Regulatory
TIDMESG
RNS Number : 5392Y
eServGlobal Limited
25 February 2013
eServGlobal Limited (eServGlobal or the "Company")
eServGlobal joins MasterCard's Mobile Money Partnership
Program
Paris: 25 February 2013
eServGlobal (LSE: ESG & ASX: ESV), the global telecoms
software vendor specialising in mobile money
and value-added services, announces an agreement to join the
MasterCard Mobile Money Partnership Program (MMPP).
The Program, an initiative of MasterCard, was launched in
February 2012 and is designed to help more than 2.5 billion
financially-underserved consumers around the world use their mobile
phones to access mainstream financial services.
eServGlobal is an established technology provider, offering a
comprehensive suite of end-to-end mobile financial services to
operators and financial service providers worldwide. In addition to
core mobile money services such as P2P transfers, airtime top-up
and bill payment, eServGlobal's portfolio encompasses services
ranging from mobile international remittance to micro-insurance,
micro-savings and micro-loans. The MasterCard Mobile Money
Partnership program complements eServGlobal's open-loop mobile
money solutions which link mobile wallets to the MasterCard network
via companion cards. eServGlobal has more than 95 mobile and
financial services customers in over 65 countries.
"Mobile has the unique potential to provide financial inclusion
in emerging markets like Latin America, the Middle East and Africa.
In fact, 16 percent of adults in Sub-Saharan Africa report having
used a mobile phone in the past 12 months to pay bills or send or
receive money," said Mung Ki Woo, Group Executive, Mobile,
MasterCard Worldwide. "The addition of eServGlobal into the Mobile
Money Partnership Program increases our collective reach and
influence in emerging markets where better access to electronic
payments is vital. Each of the partners brings their own unique
contribution to the program, and we look forward to working with
them to address one of the defining challenges of our time."
"We believe that mobile money is a service that can change
people's lives in developing countries, yet it requires the right
infrastructure, ecosystem and marketing," said Craig Halliday, CEO
and Managing Director, eServGlobal. "We believe that by partnering
with MasterCard, we can help to further the Mobile Money
Partnership Program and in turn progress financial inclusion around
the globe."
While only about half of the world's households have bank
accounts - and an even lower proportion in developing countries -
seven out of 10 people worldwide have a mobile phone. Mobile
technology is a key driver in realizing a world beyond cash,
providing access to the economic mainstream, delivering the
benefits of safety and security that are part of electronic
payments, creating profoundly new shopping experiences and enabling
millions of consumers to lead a more connected life.
The Mobile Money Partnership Program offers consumers the
following MasterCard services:
-- Prepaid companion cards that can be used at merchants that accept MasterCard cards.
-- Virtual card accounts for consumers to make eCommerce
payments with their mobile money account.
-- Person-to-person payments between subscribers of two
different mobile money services.
-- Face-to-face or remote payments using mobile phones for goods
and services at merchants that do not have traditional POS
acceptance.
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 95 customers in over 65 countries. For 30
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 12 offices globally, eServGlobal provides full "end-to-end"
and "any account to any account" Mobile Money Services and
International Remittance Services. Delivered in partnership with
BICS, the HomeSend solution is the only mobile-centric
international remittance hub to gain endorsement from the GSM
Association.
eServGlobal's Value-Added Services in promotions, loyalty and
messaging enable service providers to engage with their subscribers
in a personalized and dynamic manner.
eServGlobal is listed on the Australian Securities Exchange
(ESV) and the London Stock Exchange AIM (ESG). More information at:
www.eservglobal.com
About MasterCard
MasterCard (NYSE: MA), www.mastercard.com, is a technology
company in the global payments industry. We operate the world's
fastest payments processing network, connecting consumers,
financial institutions, merchants, governments and businesses in
more than 210 countries and territories. MasterCard's products and
solutions make everyday commerce activities - such as shopping,
traveling, running a business and managing finances - easier, more
secure and more efficient for everyone. Follow us on Twitter
@MasterCardNews, join the discussion on the Cashless Conversations
Blog and subscribe for the latest news.
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 CantĂș/Stephen Keys (Nomad) T: +44 (0) 20 7397 8980
Charles Stanley Securities www.csysecurities.com
Dugald Carlean/Paul Brotherhood T: +44 (0) 20 7149 6000
Newgate Threadneedle www.newgatethreadneedle.com
Caroline Evans--Jones/Josh Royston/Hilary T: +44 (0) 20 7653 9850
Millar
This information is provided by RNS
The company news service from the London Stock Exchange
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