TIDMESG

RNS Number : 5981J

eServGlobal Limited

12 September 2016

eServGlobal Limited (eServGlobal or the "Company")

HomeSend secures partnership with KEB Hana Bank, Korea

Paris: 12 September 2016

eServGlobal (LSE: ESG.L & ASX: ESV.AX), the provider of innovative mobile financial technology, announces that HomeSend has secured a partnership for cross-border remittance services with KEB Hana Bank, one of the largest banks in South Korea.

This significant partnership was developed by Homesend and the local Mastercard Business units working together. KEB Hana Bank aims to create a brand new cross border digital remittance service for its customer base. The first phase of this partnership will be an implementation period and the ramp up to full volume expectations will be across the first year of the contract.

The Directors of eServGlobal are satisfied that this partnership has significant potential, and alongside other recent progress at HomeSend, is a significant underpinning of the expectation that HomeSend will reach its anticipated breakeven point during 2017.

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

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

MSCBSGDCXXBBGLD

(END) Dow Jones Newswires

September 12, 2016 10:40 ET (14:40 GMT)

Eservglobal (LSE:ESG)
Historical Stock Chart
From Mar 2024 to May 2024 Click Here for more Eservglobal Charts.
Eservglobal (LSE:ESG)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Eservglobal Charts.