eServGlobal Limited eServGlobal and Zain win GTB Innovation Award
26 May 2016 - 5:35PM
RNS Non-Regulatory
TIDMESG
eServGlobal Limited
26 May 2016
eServGlobal Limited (eServGlobal or the "Company")
eServGlobal and Zain win GTB Innovation Award for Mobile
Money
Paris: 26 May 2016
eServGlobal (LSE: ESG.L & ASX: ESV.AX), the provider of
end-to-end mobile financial services to emerging markets, and the
Zain Group have been named as winners of a Global Telecoms Business
Innovation Award for mobile money deployments in Jordan and
Iraq.
The Global Telecoms Business Innovation Awards recognise
innovative projects in the global telecommunications industry,
highlighting the collaboration and partnership between operators
and vendors. The award winners were announced during a ceremony
held in London on 25 May.
eServGlobal and Zain were recognised for launching a new
service, which allows users to access convenient and secure
financial services through their mobile. Through the service,
called 'Zain Cash', customers can have a mobile wallet linked to
their SIM card, enabling financial transactions easily and at any
time (Cash-In/ Cash-out, transfer money from wallet to another,
recharge for prepaid account & bill payment for postpaid
account).
Zain Cash is currently live at Zain operations in Jordan and
Iraq and aims to provide a mobile wallet to millions of customers
in the two countries in coming years. The service is built on
eServGlobal's flagship technology platform, PayMobile.
eServGlobal's PayMobile is an end-to-end platform for mobile
financial services and advanced recharge. It is a market-proven,
state-of-the-art platform which currently supports deployments
around the world, adapting to the differing needs of each
market.
James Hume, CTO, eServGlobal, said, "The collaboration between
eServGlobal and Zain highlights what can be achieved when two
innovative companies work together to launch life-changing
services. Early customer reception for Zain Cash has been positive.
eServGlobal is proud to be recognised as a leader within the
rapidly developing space of mobile financial technology. We look
forward to continuing our work with Zain to launch these services
in more markets."
Scott Gegenheimer, CEO fo Zain Group, said, "This recognition
confirms Zain's position at the forefront of the mobile money
revolution in the region and that eServGlobal are the right
partners for our continued success in this space. We are not just
innovating for innovation's sake, but that the services and
initiatives we are developing are really impacting people's lives
positively, further supporting our aspirations on becoming a
digital lifestyle operator."
eServGlobal has a framework agreement with the Zain Group to
provide an end-to-end mobile money and EVD (electronic voucher
distribution for prepaid rechage) solutions across Zain Group's
operations.
Mobile financial 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.
Mobile money, mobile financial services, mobile recharge and
distribution are key elements in the Zain Group strategy. Zain
Group coverage extends to more than 45.5 million customers 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.
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.
For more than 30 years, eServGlobal has been a source of
innovation for telcos and financial institutions. Using
carrier-grade, next-generation technology, eServGlobal aligns with
the requirements of customers around the globe.
Together with MasterCard and BICS, eServGlobal is a joint
venture partner of the HomeSend global payment hub, enabling
cross-border money transfer between mobile wallets, cards, bank
accounts or cash outlets from anywhere in the world.
For further information, please contact:
eServGlobal www.eservglobal.com
Alison Cheek, VP Corporate Communications T: +33 (0)1 4612
7746
finnCap Limited (Nomad and Broker) www.finnCap.com
Jonny Franklin-Adams / Carl Holmes T: +44 (0) 20 7220
0500
Alma PR (Financial Public Relations) www.almapr.co.uk
Josh Royston / Hilary Buchanan T: +44 (0) 208 004
/ John Coles 4218
This information is provided by RNS
The company news service from the London Stock Exchange
END
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