TIDMESG
eServGlobal Limited
18 October 2011
eServGlobal Limited (eServGlobal or the "Company")
HomeSend - strategic agreement with the Qtel Group
Paris: 18 October 2011
Further to the continuous disclosure announcement on 24 May
2011, regarding the signing of an agreement between the HomeSend
service and a major operator group, we are pleased to announce that
the operator group in question is the Qtel Group.
The Qtel Group is a leading mobile operator group with presence
in 17 countries and over 77 million subscribers in the Middle East,
North Africa and South East Asia. With this agreement, HomeSend
becomes the preferred remittance supplier for the Qtel Group.
Qtel has a significant presence in key sending markets where a
large number of residents and foreign workers regularly send a
portion of their salaries overseas. Today, many of these workers
lack the fast, secure and low cost means of remitting money that
HomeSend provides. The partnership represents significant synergies
with existing corridors; in 2010 total remittances from key Qtel
countries Kuwait, Qatar and the UAE to the Philippines exceeded
US$1.5 billion.
HomeSend continues to set the standard for international
interoperability in mobile money transfer by creating a seamless
connection between a variety of mobile money systems and financial
institutions around the world. The HomeSend mobile remittance hub
service is based on eServGlobal's innovative technology and
operated by BICS, who is a leading provider of international
hubbing and connectivity services for more than 250 mobile
operators worldwide. HomeSend, which benefits from a first mover
advantage, is the only mobile-centric international remittance hub
endorsed by the GSMA, with remittance corridors operating between
countries including the UK, the Philippines, Belgium, Ghana and
Morocco.
The Qtel Group release is attached to this announcement.
About eServGlobal
eServGlobal specializes in Mobile Money solutions and
Value-Added Services (VAS), to help Mobile Service Providers
increase their revenue and gain and maintain customer ownership.
eServGlobal invests heavily in product development, using
carrier-grade, next-generation technology and aligning with the
requirements of more than 75 customers in over 55 countries.
For more than 25 years mobile and financial service providers
have used eServGlobal solutions to lead and innovate in their local
markets, leveraging their core assets and their trusted agent and
subscriber relationships.
With 13 offices globally, eServGlobal provides full "end-to-end"
and "any account to any account" Mobile Money Services and
International Remittance Services. The HomeSend solution is the
only mobile-centric international remittance hub to gain
endorsement from the GSM Association. The HomeSend Certification
Program ensures security and interoperability by certifying
domestic mobile wallet providers, money transfer organizations, and
financial service providers to connect to the hub.
eServGlobal's Value-Added Services in promotions, loyalty and
messaging enable service providers to engage with their subscribers
in a personalized and dynamic manner.
To reduce time-to market and to meet the needs of operators and
banks, eServGlobal provides multiple licensing alternatives as well
as SaaS-based products and services.
eServGlobal is listed on the Australian Securities Exchange
(ESV) and the London Stock Exchange AIM (ESG). More information at:
www.eservglobal.com
For further information, please contact:
eServGlobal www.eservglobal.com
Alison Cheek, Communications Manager T: +33 (0) 1 4612 7746
Cenkos Securities plc www.cenkos.com
Ivonne Cantu/Stephen Keys (Nomad) T: +44 (0) 20 7397 8980
Threadneedle Communications www.threadneedlepr.co.uk
Caroline Evans--Jones/Josh Royston/Hilary T: +44 (0) 20 7653 9850
Millar
For immediate release
17 October 2011
The Qtel Group Builds Global Mobile Money Network
Launch of New Service Enables Millions of Customers to Transfer
Funds with "Mobile Wallet"
Doha, Qatar
The Qtel Group has made a number of important strides in its
Mobile Money strategy in recent weeks, with the launch of the Qtel
Mobile Money service, a safe, fast, and easy-to-use "mobile wallet"
(mWallet) solution.
Following the launch, customers in Qatar can transfer money in
Qatar and to overseas destinations through the mWallet, using the
safe, convenient, fast and easy-to-use Qtel service.
The Qtel Mobile Money service opens up a huge range of
possibilities for customers and is as easy to use as a mobile
phone. Following the launch in Qatar, the Qtel Group will roll out
integrated mobile money services across the other key markets it
serves.
Dr. Nassar Marafih, CEO, The Qtel Group, commented: "The Qtel
Group has made the launch of mobile money services across our
operations a strategic priority, recognising the strong demand from
our customers, and the important social benefits this service will
provide. Mobile Money services provide access and security for a
whole cross-section of the community that is under-served by
traditional banking, and we aim to be a leader in the countries we
serve."
With mWallet, the Qtel Group's customers will be able to use
their mobile phone accounts to save and send money, top up their
credit, make payments and transfer airtime to friends, relatives,
employees and partners.
The integrated solution provided by Sybase 365, EastNets and
BICS will be easier, more cost-effective and more convenient than
traditional remittance channels.
The Qtel Group's operations cover regions with a high number of
residents and foreign workers, who regularly transfer a proportion
of their salaries overseas to their home countries. A large
proportion of these workers do not have access to traditional
banking facilities and are "under-banked," relying on the services
of money transfer kiosks to transport money home.
"As well as providing the Qtel Group with an important new
revenue source, the provision of Mobile Money services will also
have a demonstrable social impact. Customers will have greater
security in sending money to friends and family overseas, as well
as greater control over their spending at home," concluded Dr.
Nasser.
- END -
About the Qtel Group
Qatar Telecom (Qtel) provides a full range of telecommunications
services in Qatar and across its presence in 17 countries. Our
vision is to be among the top 20 telecommunications companies in
the world by 2020 through expansion in both the MENA region and
South East Asia.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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