TIDMESG
RNS Number : 3261D
eServGlobal Limited
27 March 2014
MoneyGram to connect to the HomeSend International Money
Transfer Hub
Agreement enables MoneyGram consumers to transfer funds from 200
countries
Paris: 27 March 2014
eServGlobal (LSE: ESG.L & ASX: ESV.AX) is pleased to
announce that MoneyGram, a leading global money transfer and
payment services company, has signed a global agreement with BICS
to connect to HomeSend.
Please find below the announcement made by MoneyGram.
About eServGlobal
eServGlobal has been a source of innovative solutions for mobile
and financial service providers for 30 years. eServGlobal invests
heavily in product development, using carrier-grade,
next-generation technology and aligning with the requirements of
more than 90 customers in over 65 countries.
Our mobile money solutions put feature-rich mobile financial
services at the fingertips of users worldwide, covering the full
spectrum of mobile wallet, mobile commerce, recharge and agent
management features. The market leading international remittance
service HomeSend(R) is based on eServGlobal technology and offered
by our strategic business partner BICS.
eServGlobal also offers a comprehensive suite of sophisticated,
revenue generating Value-Added Services to engage subscribers in a
dynamic manner. These services can be seamlessly integrated with
our mobile money portfolio to extend loyalty and promotion
offers.
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 CantĂș/Stephen Keys (Nomad) T: +44 (0) 20 7397 8980
Charles Stanley Securities www.csysecurities.com
Dugald Carlean/Paul Brotherhood T: +44 (0) 20 7149 6000
Newgate Threadneedle www.newgatethreadneedle.com
Caroline Evans--Jones/Josh Royston/Hilary T: +44 (0) 20 7653 9850
Millar
MoneyGram to connect to the HomeSend International Money
Transfer Hub
Agreement enables MoneyGram consumers to transfer funds from 200
countries
DALLAS (March 27, 2014) - MoneyGram, (NASDAQ MGI) a leading
global money transfer and payment services company, has signed a
global agreement with BICS to connect to HomeSend. HomeSend,a
strategic business partnership between BICS and eServGlobal (LSE:
ESG.L & ASX: ESV.AX), is a global technology hub service that
enables person-to-person fund transfers.
Through the technology of the HomeSend hub, MoneyGram customers
in more than 200 countries will be able remit funds to mobile
accounts of HomeSend hub members across the globe. MoneyGram has
336,000 agent locations worldwide and also offers money transfer
services through kiosks, along with online, mobile, and other
channels.
"We're excited about the opportunity to expand our reach to
mobile money accounts across the world," says Alex Hoffmann,
executive vice president of Global Product and Emerging Channels at
MoneyGram. "This agreement accelerates the expansion of our
innovative and convenient self-service money transfer
channels."
The agreement will enable MoneyGram customers and agents to
further connect to HomeSend's substantial network, which includes
some of the largest tier one mobile operator groups.
"We are very happy to conclude this agreement with MoneyGram,
welcoming another global player to the HomeSend remittance hub,"
said Daniel Kurgan, CEO of BICS. "The combination of the MoneyGram
footprint with our existing remittance deployments will undoubtedly
benefit all our hub members while enabling their own customers to
receive funds from a wider sending basis."
"This agreement with MoneyGram validates the power of the unique
receiving network HomeSend has established," said Paolo Montessori,
CEO and Managing Director, eServGlobal. "HomeSend is opening access
to a previously inaccessible receiving market by connecting to
users in even the most remote areas where mobile access is the most
convenient way to deliver remittances directly to a mobile wallet
even when originating from traditional money transfer
channels."
Today HomeSend has live deployments in more than 50 countries
and commercial contracts with mobile network operators (MNOs) and
money transfer operators (MTOs).
As announced in December 2013, HomeSend will become a joint
venture of MasterCard, eServGlobal and BICS, subject to the
completion of the transaction.
About MoneyGram International
MoneyGram International, a leading money transfer company,
enables consumers who are not fully served by traditional financial
institutions to meet their financial needs. MoneyGram offers money
transfer services worldwide through a global network of 336,000
agent locations - including retailers, international post offices
and financial institutions - in more than 200 countries and
territories. MoneyGram also offers bill payment services in the
U.S. and Canada. To learn more about money transfer or bill payment
at an agent location or online, please visit moneygram.com or
connect with us on Facebook.
Global Media Contact:
Michelle Buckalew
214-303-9923
media@moneygram.com
About BICS
BICS delivers best-in-class international wholesale solutions to
any communication service provider worldwide. Through its Mosaic
portfolio, a comprehensive, flexible and innovative suite of
solutions designed to be used individually, or collectively, BICS
meets the existing and future requirements of the global telecoms
industry.
BICS' headquarter is located in Brussels with regional offices
in Bern, Dubai, New York and Singapore. We also have a satellite
office in Beijing and local representation in Accra, Cape Town,
Miami, Montevideo, Nairobi and Toronto. Our team continuously
strives to provide our customers with the highest levels of
quality, reliability and interoperability enabling them to maximise
their end-user value. With our successful consolidation strategy,
and a continuing focus on technological advancement and innovation,
we have achieved a world-leading position in the international
Voice and Mobile Data markets.
For more information, please visit:
www.bics.com or contact Katrien Busschaert at BICS:
Katrien Busschaert, Marketing Manager
Tel. +32 2 548 16 55
Mob. +32 474 98 46 75
katrien.busschaert@bics.com
About eServGlobal
eServGlobal has been a source of innovative solutions for mobile
and financial service providers for 30 years. eServGlobal invests
heavily in product development, using carrier-grade,
next-generation technology and aligning with the requirements of
more than 90 customers in over 65 countries. Our mobile money
solutions put feature-rich mobile financial services at the
fingertips of users worldwide, covering the full spectrum of mobile
wallet, mobile commerce, recharge and agent management features.
The market leading international remittance service HomeSend(R) is
based on eServGlobal technology and offered by our strategic
business partner BICS.
eServGlobal also offers a comprehensive suite of sophisticated,
revenue generating Value-Added Services to engage subscribers in a
dynamic manner. These services can be seamlessly integrated with
our mobile money portfolio to extend loyalty and promotion
offers.
For further information, please contact:
Alison Cheek, Communications Manager
communications@eservglobal.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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