Last checked at 24 Feb 2016 08:13
eServGlobal Limited (eServGlobal or the "Company")
HomeSend and Vodafone to Extend M-Pesa Remittance Agreement to Five New Markets in 2016Barcelona: 24 February 2016
eServGlobal (AIM:ESG & ASX:ESV) is pleased to announce that HomeSend has expanded its global framework agreement with Vodafone Group for M-Pesa, including the launch of remittance services into five new markets during 2016.
HomeSend is a joint venture between MasterCard, eServGlobal and BICS.
The full announcement made today by HomeSend is set out below.
About eServGlobal
eServGlobal (AIM:ESG, ASX:ESV) offers mobile money solutions which put feature-rich services at the fingertips of users worldwide, covering the full spectrum of mobile financial services, mobile wallet, mobile commerce, recharge, promotions and agent management.
For more than 30 years, eServGlobal has been a source of innovation for telcos and financial institutions. Using carrier-grade, next-generation technology, eServGlobal aligns with the requirements of customers around the globe.
Together with MasterCard and BICS, eServGlobal is a joint venture partner of the HomeSend global payment hub, enabling cross-border money transfer between mobile wallets, cards, bank accounts or cash outlets from anywhere in the world.
For further information, please contact:
eServGlobal | www.eservglobal.com |
Alison Cheek, VP Corporate Communications | T: +33 (0)1 4612 7746 |
Canaccord Genuity Limited (Nomad and Broker) Simon Bridges / Cameron Duncan / Emma Gabriel | www.canaccordgenuity.com T: +44 (0) 20 7523 8000 |
Alma PR (Financial Public Relations) Josh Royston / Hilary Buchanan / John Coles
| www.almapr.co.uk T: +44 (0) 208 004 4218
|
HomeSend and Vodafone to Extend M-Pesa Remittance Agreement to
Five New Markets in 2016
New Remittance Corridors to Provide Quick, Low-Cost Money Transfer Options
for M-Pesa Users
Barcelona, February 24 2016 - Today at Mobile World Congress, HomeSend, the international payment and money transfer hub, announced the expansion of its global framework agreement with Vodafone Group for M-Pesa, including the launch of remittance services into five new markets during 2016.
The two companies will work together to enable the real-time, mobile receipt of remittances by M-Pesa users in the Democratic Republic of Congo, Ghana, Lesotho, Mozambique and Albania. In addition to Kenya, HomeSend has already launched connections for inbound remittances with M-Pesa in both Tanzania and Romania.
HomeSend continues to rapidly expand the reach of their network, with coverage expected to reach more than 70 markets in 2016. These will include 20 new Mobile Money markets, bolstering the interoperability of HomeSend's network and providing their customers with the ability to send and receive remittances globally via a mobile phone.
Focused on broadening their network and service offering, HomeSend will provide a fast, safe and convenient way to receive remittances by enabling MasterCard payments cards to be used. Several markets are expected to go live with this solution throughout 2016.
Claire Alexandre, Head of M-Pesa Commercial and Strategy, Vodafone, said, "M-Pesa makes money mobile, now increasingly across borders too. We're delighted to offer our customers more choice to send and receive money from other countries and networks. HomeSend connects them to an extensive global network, offering an affordable, secure and convenient solution for inbound digital money transfers."
Stephen Doyle, CEO, HomeSend, said, "Vodafone is a pioneer in domestic mobile money services. HomeSend, as the leading global payments hub, remains a natural partner for Vodafone to connect their domestic deployments to users worldwide. We are thrilled to expand our work with Vodafone to bring all-important, cost-effective money transfer services to M-Pesa customers in even more countries."
-ENDS-
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For more information:
Vodafone Group:
Media Relations www.vodafone.com/media/contact or Investor Relations call: +44 (0) 7919 990 230
MasterCard Communications Contact
Geraldine Trennery, MasterCard, geraldine.trennery@mastercard.com, +27 76 301 0264
About Vodafone Group
Vodafone is one of the world's largest telecommunications companies and provides a range of services including voice, messaging, data and fixed communications. Vodafone has mobile operations in 26 countries, partners with mobile networks in 57 more, and fixed broadband operations in 17 markets. As of 31 December 2015, Vodafone had 461 million mobile customers and 13 million fixed broadband customers. For more information, please visit: www.vodafone.com.
About M-Pesa
The M-Pesa service was launched in March 2007 by Safaricom Limited in Kenya. It enables millions of people who have access to a mobile phone, but do not have access to a bank account, to send and receive money, top-up airtime, make bill payments and enjoy a range of other services.
M-Pesa had approximately 24.6 million active customers as at 31 December 2015 and approximately 236,000 agents worldwide. It is available in 11 markets: Kenya, Tanzania, South Africa, Democratic Republic of Congo, India, Mozambique, Egypt, Lesotho, Ghana, Albania and Romania.
About HomeSend
HomeSend is a joint venture created by MasterCard, eServGlobal and BICS that enables B2B cross-border and cross-network value transfers through a single connection. It builds on the successful deployment of mobile enabled person-to-person transfers in emerging markets and the digitalization of money transfer services. The HomeSend service innovatively bridges the gap between finance and telecommunication service providers and enables consumers to send money to and from mobile money accounts, payment cards, bank accounts or cash outlets - regardless of their location or that of the recipient. Contact us at: https://www.homesend.com/contact-us.