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eServGlobal expands mobile money services into East Africa

Tue, 19th Feb 2013 08:17

Shares in eServGlobal edged upwards on Tuesday as the group said it is rolling out its mobile money solutions in East Africa. In collaboration with a local mobile network operator serving several African countries, telecoms software outfit eServGlobal will be providing a range of mobile money services in a market where the economy is largely cash-based, and where formal financial services are less common. The company said that low-income customers rely on their mobiles for handling money, and services offered in the eServGlobal deal will include microfinance, credit, postpaid bill payment, mobile banking, salary disbursement, electronic recharge and mobile wallet functionalities."We expect this project to strengthen our foundations for further wins in this region. We continue to focus on building interoperable, mature mobile financial solutions for service providers across the African continent and throughout the world," said Paolo Montessori, chief operating officer of eServGlobal.eServGlobal's PayMobile platform is currently deployed in over 25 countries, where it is used by more than 250m prepaid subscribers. Total African mobile money transfers are expected to exceed $200bn in 2015.JF
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22 Oct 2018 12:49

eServGlobal Completes Second Stage Of GBP19 Million Fundraising (ALLISS)

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27 Sep 2018 14:59

eServGlobal Fund Raises For HomeSend And Potential Core Business Sale (ALLISS)

LONDON (Alliance News) - eServGlobal Ltd said on Thursday it has raised GBP19 million to fund the company's share of an expected capital raise by its HomeSend joint venture and to help the for

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31 Aug 2018 11:30

eServGlobal Narrows Interim Loss After Getting Costs Under Control

LONDON (Alliance News) - eServGlobal Ltd said Friday it was "encouraged" by its interim results with it reporting a considerably narrowed interim loss despite a fall in Australian posted

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2 Aug 2018 12:57

eServGlobal exceeds expectations and targets break even for full-year

(Sharecast News) - Fintech outfit eServGlobal on Thursday reported that orders in the first half of the year had exceeded expectations, standing the company in good stead to reach breakeven for the full-year.

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2 Aug 2018 12:45

eServGlobal On Track To Break Even As Orders Exceed Forecast

LONDON (Alliance News) - eServGlobal Ltd said Thursday it is on track to reach the "breakeven target" for the current year after an receiving order above forecast.For the six June

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29 May 2018 09:10

Software Firm Maestrano To Raise GBP6 Million In AIM Listing (ALLIPO)

LONDON (Alliance News) - Australian business software firm Maestrano Group PLC said Tuesday that it will raise GBP6 million via a listing of its shares on London's junior AIM market.The

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17 May 2018 12:32

eServGlobal Aims To "Deliver More Proof That Our Strategy Works"

LONDON (Alliance News) - eServGlobal Ltd Executive Chairman John Conoley said Thursday that despite a year of progress the payment company "still needs to deliver more proof" that its a

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21 Dec 2016 08:35

eServGlobal Promotes Recently-Appointed CFO Hayward To Executive Board

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5 Aug 2016 07:33

eServGlobal Issues Remaining 53.6 Million Open Offer Shares (ALLISS)

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30 Jun 2016 10:03

eServGlobal Recovery Continuing As First Half Hit By Conversion Timing

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14 Jun 2016 10:14

eServGlobal Clarifies Amid Plan To Raise Up To GBP15 Million (ALLISS)

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7 Jun 2016 13:20

eServGlobal To Raise GBP15.0 Million In Placing, Open Offer (ALLISS)

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18 May 2016 11:14

eServGlobal Says Recovery Has Begun In Wake Of Restructuring

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4 May 2016 14:32

eServGlobal secures big West Africa contract

(ShareCast News) - Emerging markets mobile financial services provider eServGlobal was celebrating a new contract win on Wednesday, having secured a deal to supply its PayMobile software to an unnamed service provider in West Africa. The AIM-traded firm said the total contract was worth €1.6m over t

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4 May 2016 13:26

eServGlobal Wins West Africa PayMobile Contract, Reiterates Guidance

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