LONDON (Alliance News) - eServGlobal Ltd Monday said its HomeSend joint venture has signed an agreement with Indonesian telecommunications group Indosat to provide remittance services to the operator's 60 million subscribers in Indonesia.
HomeSend, a joint venture between eServGlobal, MasterCard Inc and Belgacom Group-owned BICS, will provide the remittance services through Indosat's Dompetku Mobile Money platform.
"The ability to quickly send funds and conveniently receive them is critical to a successful remittance programme," said Stephen Doyle, Chief Executive of HomeSend.
"We're incredibly proud that our relationship with Indosat will enable consumers throughout Indonesia with access to the remittances payments backed by the country's largest network of locations," he added.
eServGlobal shares were down 0.5% to 37.05 pence on Monday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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