eServGlobal Limited eServGlobal secures new win for PayMobile platform
04 July 2018 - 4:00PM
RNS Non-Regulatory
TIDMESG
eServGlobal Limited
04 July 2018
eServGlobal secures new win for its PayMobile platform
4 July 2018
eServGlobal (LSE: ESG.L & ASX: ESV.AX), a pioneering digital
transactions technology company, announces it has secured a new
three-year contract with an existing customer, for its flagship
PayMobile platform. The total value of the contract is US$1.25M. It
encompasses technology platform upgrades as well as three years of
support through to 2020.
The customer is a leading MNO (mobile network operator) in the
Middle East and an affiliate of a global Tier 1 Telecommunications
Group. eServGlobal has been a technology vendor to this customer
for several years, facilitating prepaid recharge requirements. As
part of the new contract, eServGlobal will upgrade the technology
platforms to the new release of PayMobile to facilitate a
comprehensive recharge offering. In many emerging markets, over 90%
of mobile users in the country are prepaid, making recharge an
integral part of an MNO's service offering.
James Hume, eServGlobal COO, said, "I am pleased with this
further sign of success in our strategy to build true, long-term
business partnerships with our key customers. This is a leading
telecommunication provider in a growing market and we are proud
that they have chosen to invest in our PayMobile solution."
eServGlobal was awarded this contract based on the proven,
in-field performance of its technology solutions as well as its
commitment to work together with the operator. eServGlobal's
flagship PayMobile platform is a highly reliable and open solution
built on more than 30 years' experience working with
telecommunication operators.
For further information, please contact:
eServGlobal www.eservglobal.com
Tom Rowe, Company Secretary investors@eservglobal.com
Alison Cheek, VP Corporate Communications
finnCap Limited (Nomad and Broker) www.finnCap.com
Corporate Finance: Jonny Franklin-Adams / T: +44 (0) 20 7220
Anthony Adams / Hannah Boros 0500
Corporate Broking: Tim Redfern / Richard Chambers
Alma PR (Financial Public Relations) www.almapr.co.uk
John Coles / Helena Bogle T: +44 (0) 208 004
4218
About eServGlobal
eServGlobal (AIM:ESG, ASX:ESV) is a pioneering digital financial
transactions technology company, enabling financial and
telecommunications service providers to create smoother
transactions for their customers through deep technical expertise
and rapid implementation. Built on the latest technology platforms,
eServGlobal offers a range of transaction services including
digital wallets, commerce, remittance, recharge, rapid service
connection and business analytics. eServGlobal combines more than
30 years' experience, with an agile, future-focused mindset, to
align with the requirements of customers and partners around the
globe. Together with MasterCard and BICS, eServGlobal is a joint
venture partner of the HomeSend global payment hub, enabling
cross-border transfer between bank accounts, cards, mobile wallets,
or cash outlets from anywhere in the world.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
NRAEADXLESKPEEF
(END) Dow Jones Newswires
July 04, 2018 02:00 ET (06:00 GMT)
Eservglobal (LSE:ESG)
Historical Stock Chart
From Apr 2024 to May 2024
Eservglobal (LSE:ESG)
Historical Stock Chart
From May 2023 to May 2024