LONDON (Alliance News) - eServGlobal Ltd said Tuesday its mobile-phone payment services have been launched commercially in Iraq under the name Zain Cash and said its HomeSend joint venture has extended its deal with Paysafe Group PLC.
The payments company said it launched Zain Cash together with its partner, mobile-phone operator Zain Group. The service, which is offered by Iraq Wallet, a company authorised by the Central Bank of Iraq, allows customers make financial transactions using their mobile phones, linking their wallets to their SIM cards.
The service had its soft launch in Iraq in January.
Elsewhere payments hub HomeSend, a joint venture between MasterCard, eServGlobal Ltd and BICS, said on Tuesday it had signed an agreement with digital wallets and online payments processor Paysafe to provide further destination and payment options for international money transfers.
HomeSend said it would be providing the options for Paysafe's NETELLER And Skrill services, which are both e-wallet providers.
HomeSend and Skrill initially collaborated with the launch of remittance services in 2014 and currently have services live in six countries in Africa, Asia and Eastern Europe.
The new deal will mean users of both NETELLER and Skrill will be able to transfer money online in additional countries and will be given the option to send money to mobile wallets registered to local mobile network operators, as well as directly to bank accounts.
"At HomeSend, we are focused on building the most comprehensive network of money transfer providers in the world. Paysafe offers an innovative suite of payment solutions and we are pleased to be expanding our partnership with them to enable people to send and receive funds in real-time in additional emerging markets," said Chief Executive Stephen Doyle.
eServGlobal shares were up 7.8% at 2.83 pence and Paysafe was up 0.7% at 405.20p on Tuesday.
By Hannah Boland; hannahboland@alliancenews.com; @Hannaheboland
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