LONDON (Alliance News) - Payments technology company eServGlobal Ltd on Wednesday said its HomeSend joint venture has signed an agreement with Geoswift to launch payments services in China.
HomeSend is a payment hub based on eServGlobal technology. It is designed to allow money to be transferred between mobile money accounts, payment cards, bank accounts or cash outlets. It is a joint venture between eServGlobal, MasterCard and BICS.
No financial details on the agreement were disclosed.
"The partnership with Geoswift connects HomeSend to the important Chinese receiving market, further reinforcing HomeSend's position as the backbone of the international money transfer market," said Stephen Doyle, HomeSend's chief executive.
eServGlobal shares were down 4.4% to 5.50 pence on Wednesday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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