eServGlobal Limited HomeSend secures partnership with KEB Hana Bank (5981J)
September 12 2016 - 10:40AM
UK Regulatory
TIDMESG
RNS Number : 5981J
eServGlobal Limited
12 September 2016
eServGlobal Limited (eServGlobal or the "Company")
HomeSend secures partnership with KEB Hana Bank, Korea
Paris: 12 September 2016
eServGlobal (LSE: ESG.L & ASX: ESV.AX), the provider of
innovative mobile financial technology, announces that HomeSend has
secured a partnership for cross-border remittance services with KEB
Hana Bank, one of the largest banks in South Korea.
This significant partnership was developed by Homesend and the
local Mastercard Business units working together. KEB Hana Bank
aims to create a brand new cross border digital remittance service
for its customer base. The first phase of this partnership will be
an implementation period and the ramp up to full volume
expectations will be across the first year of the contract.
The Directors of eServGlobal are satisfied that this partnership
has significant potential, and alongside other recent progress at
HomeSend, is a significant underpinning of the expectation that
HomeSend will reach its anticipated breakeven point during
2017.
This announcement contains inside information for the purposes
of Article 7 of Regulation 596/2014.
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.
For more than 30 years, eServGlobal has been a source of
innovation for telcos and financial institutions. Using
carrier-grade, next-generation technology, eServGlobal aligns with
the requirements of customers around the globe.
Together with MasterCard and BICS, eServGlobal is a joint
venture partner of the HomeSend global payment hub, enabling
cross-border money transfer between mobile wallets, cards, bank
accounts or cash outlets from anywhere in the world.
For further information, please contact:
eServGlobal www.eservglobal.com
Alison Cheek, VP Corporate Communications T: +33 (0)1 4612
7746
finnCap Limited (Nomad and Broker) www.finnCap.com
Jonny Franklin-Adams / Carl Holmes T: +44 (0) 20 7220
0500
Alma PR (Financial Public Relations) www.almapr.co.uk
Josh Royston / Hilary Buchanan T: +44 (0) 208 004
/ John Coles 4218
This information is provided by RNS
The company news service from the London Stock Exchange
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