eServGlobal wins mobile money for ASGSM.MOBI
March 01 2012 - 1:02AM
RNS Non-Regulatory
TIDMESG
eServGlobal Limited
01 March 2012
eServGlobal Limited (eServGlobal or the "Company")
eServGlobal wins project with ASGSM.MOBI to bring mobile money
to Somalia
Paris: 1 March 2012
eServGlobal will work with Dubai based mobile network operator,
ASGSM.MOBI, to bring mobile money services to ASGSM.MOBI
subscribers both in Somalia and abroad. ASGSM.MOBI holds a GSM and
3G license for Somalia and has been operating in the country since
2009.
ASGSM.MOBI will utilise eServGlobal's PayMobile platform to
offer an end-to-end solution including a mobile wallet system and
mobile money and mobile commerce services such as cash-in/cash-out
at mobile-money agents, money transfer, bill payment services,
airtime top-up from mobile wallet and payment at a merchant.
"As mobile connections rapidly spread across emerging markets,
eServGlobal has built on our extensive history in the telco world
to build offers which offer real value to both service providers
and users" said Katia Hilal, VP Marketing & Strategic
Alliances, eServGlobal.
"We chose eServGlobal for this project because of their
flexibility, the quality and compliancy level of their solution and
the ability to extend the platform with new functionality as the
market matures," said Abdullahi Abdi Hussein, President and CEO,
ASGSM.MOBI.
To encourage quick user adoption, the solution will be
integrated with existing domestic money transfer companies, such as
Hawala companies, traditional banks, ATM Switches etc.
The PayMobile platform will be hosted in Dubai to ensure the
highest levels of security, availability and support.
Somalia is a country in the midst of rapid economic and social
change. With a population of 9.3 million, mobile connections have
risen dramatically in the past two years to exceed 3 million
connections and are expected to reach more than 5 million by
2015.
In the absence of a formal banking sector, alternative money
transfer/remittance services have sprouted throughout the country,
handling up to $1.6 billion in transfers annually. The high
reliance on money transfer combined with the growth of mobile
connections, means that mobile money has the potential to offer
widespread and diverse benefits.
eServGlobal's PayMobile platform is an end-to-end mobile money
solution offering a comprehensive suite of services, allowing
operators and financial service providers to build offers which are
optimised to their needs. PayMobile is currently deployed in more
than 25 countries and used every day by more than 250 million
subscribers worldwide. PayMobile also has a native interface with
the HomeSend international money transfer hub, offered in
partnership with BICS, addressing key customer requirements
relating to future demand for international remittance.
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 80 customers in over 55 countries.
For more than 28 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 14 offices globally, eServGlobal provides full "end-to-end"
and "any account to any account" Mobile Money Services and
International Remittance Services. Delivered in partnership with
BICS, the HomeSend solution is the only mobile-centric
international remittance hub to gain endorsement from the GSM
Association.
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
About ASGSM.MOBI
ASGSM.MOBI is mobile operator in Somalia who provide extensive
value added services including free international roaming, free
virtual mobile wallet for in country Somalis and an integrated and
reliable mobile and wallet services for Somalis outside of
Somalia.
For Further information of the innovative and value added
services of ASGSM.MOBI LTD including the international free roaming
services SALAMGSM and the integrated virtual mobile wallet services
GOCASH please contact as@asgsm.mobi.
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
Newgate Threadneedle www.newgatethreadneedle.com
Caroline Evans--Jones/Josh Royston/Hilary Millar T: +44 (0) 20 7653 9850
This information is provided by RNS
The company news service from the London Stock Exchange
END
NRASEMFWUFESESE
Eservglobal (LSE:ESG)
Historical Stock Chart
From Jun 2024 to Jul 2024
Eservglobal (LSE:ESG)
Historical Stock Chart
From Jul 2023 to Jul 2024