Sydney, Oct 27, 2008 AEST (ABN Newswire) - eServGlobal Limited (ASX:ESV)(LON:ESG), a provider of end-to-end solutions, enabling smart communication and payment services for service providers on any generation network, today announced an agreement with Belgacom International Carrier Services (Belgacom ICS), a leading global provider of voice, data and value added services, to jointly launch HomeSend, a new service for mobile remittance, roaming recharge and airtime exchange.
The HomeSend service is a global hubbing service that provides, for the first time, a mobile-centric approach to international remittance. This represents a significant new step in mobile payment, and indeed the telecommunications industry, allowing any mobile service provider in any country to access the international remittance market in a cost efficient manner.
International remittance is a significant sector for mobile payment, allowing mobile subscribers to easily and quickly transfer airtime or money internationally. According to the GSM Association, some 175 million migrants currently use remittance services, sending money to around 800 million dependent recipients. Remittance flows have reached US$320 billion, and are estimated to reach US$700 billion by 2012. Service providers can expand any payment offering with international remittance services, which make it easier for users to send small amounts frequently, generating incremental transaction revenue.
Under the agreement, Belgacom ICS and eServGlobal will jointly operate, maintain and support the HomeSend service, each bringing their areas of expertise. eServGlobal will provision and maintain the HomeSend platform while Belgacom ICS will act as the hub providing the connectivity, the customer care as well as the financial settlement between the hub members. HomeSend allows mobile operators to extract most of the value generated by this new service opportunity, rather than only acting as transport bearers if the service was operated through financial institutions.
Laurent Lafarge, Chief Executive Officer of eServGlobal said "HomeSend will give mobile operators access to new customers and increase their revenue, as well as contribute to improving financial access for their customers and significantly increase annual remittance flows to develop national GDP for the destination countries. The joint delivery with Belgacom ICS represents a new revenue model for eServGlobal, where charges are transaction rather than license based."
Daniel Kurgan, CEO of Belgacom ICS said "HomeSend is an innovative new product which will open up new markets and enable mobile operators to make a bold step into a high-value area. This partnership with eServGlobal also shows again our dedication to develop innovative solutions for our mobile operator customers that will help them better serve their customers in the future."
About Belgacom ICS
Belgacom International Carrier Services S.A./NV (Belgacom ICS) is a leading global carrier of voice, data and value added services to over 500 wireless, wireline and service providers through sales offices in Brussels, Bern, Dubai, Singapore and New York.
Belgacom ICS is at the forefront of the international communications industry, acting as a catalyst for growth, both in terms of traffic and reach. The company aims to enable global interworking across all networks, technologies and services. As a result of this approach and the joint venture with Swisscom ICS, Belgacom International Carrier Services is now one of the largest wholesale voice carriers and a world leader in data transit services.
For more information, please visit:
http://www.belgacom-ics.com
Contact
Catherine Jeffcoat, Communications Manager
eServGlobal
www.eservglobal.com
Catherine.jeffcoat@eservglobal.com
T: +33 1 46 12 77 46
F: +33 1 46 12 77 49
Belgacom ICS
Catherine Bals, Marketing Manager
catherine.bals@belgacom-ics.com
T: +32 473 92 28 10
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