TIDMESG
RNS Number : 3708F
eServGlobal Limited
11 November 2015
eServGlobal Limited (eServGlobal or the "Company")
HomeSend and Geoswift join forces to bring safe, secure
cross-border money transfer to China
Paris: 11 November 2015
eServGlobal (AIM:ESG & ASX:ESV) is pleased to announce an
agreement between HomeSend and Geoswift to provide streamlined,
efficient payment services into China. Through the partnership with
Geoswift, HomeSend's global partners can now provide their
customers with the ability to send money directly to consumers and
businesses in China, in local currency.
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 features. eServGlobal invests heavily in product
development, using carrier-grade, next-generation technology and
aligning with the requirements of more than 60 customers in over 50
countries.
Together with MasterCard and BICS, eServGlobal is a joint
venture partner of the HomeSend global payment hub, a market
leading solution based on eServGlobal technology and enabling
cross-border money transfer between mobile money accounts, payment
cards, bank accounts or cash outlets from anywhere in the world
regardless of the users location.
eServGlobal has been a source of innovative solutions for mobile
and financial service providers for 30 years.
For further information, please contact:
eServGlobal www.eservglobal.com
Alison Cheek, VP Corporate Communications T: +33 (0)1 4612
7746
Canaccord Genuity Limited (Nomad www.canaccordgenuity.com
and Broker) T: +44 (0) 20 7523
Simon Bridges / Cameron Duncan 8000
/ Emma Gabriel
Newgate www.newgatecomms.com
Adam Lloyd / Helena Bogle T: +44 (0) 20 7653
9850
Geoswift and HomeSend join forces to bring Safe, Secure
Cross-Border Money Transfer to China
HomeSend and Geoswift Partnership Opens Cross Border Payment
Service to Cater to 35 Million Chinese residing outside of
China
BRUSSELS - November 11, 2015 - HomeSend, today announced an
agreement with Geoswift to provide streamlined, efficient payment
services into China. Through the partnership with Geoswift,
HomeSend's global partners can now provide their customers with the
ability to send money directly to consumers and businesses in
China, in local currency.
Geoswift is an innovative payment technology company connecting
China and the rest of the world. Geoswift has a broad network of
partners and direct merchants, both within China and worldwide, who
rely on Geoswift for a one-stop cross-border payment solution into
and out of China.
HomeSend, as a global remittance hub, is a service that bridges
the gap between various entities globally such as financial
institutions, non-financial entities and mobile network
operators.
"Geoswift is committed to helping provide our clients and
partners with safe, secure, best-in-class payment solutions for
China," said Raymond Qu, CEO Geoswift. "We look forward to working
closely with HomeSend to extend its innovative cross-border payment
services into China."
"HomeSend continues to make significant progress towards our
goal to build a world where international money transfer is safe,
secure and affordable for all," said Stephen Doyle, CEO, HomeSend.
"The partnership with Geoswift connects HomeSend to the important
Chinese receiving market, further reinforcing HomeSend's position
as the backbone of the international money transfer market."
China is the second-largest payment receiving country in the
world. The World Bank estimates that in 2014 more than US$64bn was
sent home to China by migrants living outside the country.
Geoswift's coverage in China will enable HomeSend clients and
hub members the ability to send funds to China smoothly and
efficiently; with transactions settled to cards as well as bank
accounts in Mainland China. Geoswift offers quick settlements,
reaching the majority of the consumer and business accounts in
China.
HomeSend enables the interconnection of an extensive range of
payment services, allowing consumers to transfer funds directly
using a mobile money account, payment card, bank account or cash at
participating locations. Money can be sent from anywhere in the
world by HomeSend's partners. HomeSend is an ideal option for
individuals working away from home to remit funds home to family
and friends.
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.
About Geoswift:
Geoswift is an innovative payment technology company connecting
China and the rest of the world. The company is comprised by the
world's leading payment technology experts and by combining this
deep understanding of the industry, technology, and global and
China monetary policy. Geoswift provides clients with customized
one-stop cross-border payment solutions to and from China. Geoswift
is relied upon by the world's leading e-commerce companies, most
prestigious universities and the largest brands in the travel
industry to grow their businesses. Geoswift is the #5 non-bank
acquirer of UnionPay International in North America, a co-issuer of
MasterCard, and a long term partner of many other leading financial
institutions. It also maintains 24 currency exchange outlets
throughout China. Geoswift is headquartered in Hong Kong with
operating offices in Shanghai, London, Vancouver, Seattle and San
Francisco for strategic and regulatory functions.
Media contacts:
HomeSend Deepali Grover, MasterCard, +911244836037,
deepali_grover@mastercard.com
Geoswift Alina Morais, Weber Shandwick, +6825 8203,
amorais@webershandwick.com
Jon Brubaker, Cognito, +1 6463956300,
jon.brubaker@cognitomedia.com
# # #
This information is provided by RNS
The company news service from the London Stock Exchange
END
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