Homesend – New Agreement Signed
Paris, 18 February 2010
eServGlobal Limited announced an agreement for its HomeSend remittance platform between Belgacom International Carrier Services (BICS) and G-Xchange (GXI), a fully-owned mobile-commerce subsidiary of Philippines’ Globe Telecom.
eServGlobal Limited (LSE: ESG & ASX: ESV), a provider of smarter transaction management solutions in Charging, Payment, Retention and Network Services, today announces an agreement for its HomeSend remittance platform between Belgacom International Carrier Services (BICS) and G-Xchange (GXI), a fully-owned mobile-commerce subsidiary of Philippines’ Globe Telecom.
The agreement provides for GXI’s existing number of remittance corridors to be expanded using the HomeSend Remittance Hub. The HomeSend service, created in partnership with BICS, provides a mobile-centric approach to international remittance which represents a significant new step in mobile
payment. It allows subscribers of any mobile operator connected to HomeSend to transfer money electronically via a cellular phone to a GCASH subscriber.
This new cooperation, therefore, provides increased choice and convenience for Filipinos living or working overseas when sending money home to their families and friends in the Philippines.
The first interoperability tests between GCash, the fastest growing mobile wallet service in Asia, and HomeSend, eServGlobal’s mobile centric hub for international remittances, have been successfully completed. Three corridors will initially be launched in the coming weeks, namely between Belgium, UK and USA, and the Philippines, but will be extended in the near future towards other sending markets with large numbers of overseas Filipinos.
eServGlobal began investing in the development of HomeSend in 2007. It was a strategic undertaking in collaboration with BICS to provide an easy to use software as a service offering for mobile-to-mobile money transfer at a fraction of the cost for subscribers. HomeSend is the only mobile-centric international remittance hub endorsed by the GSMA and with this new deal, the company is now beginning to see the fruits of its labour. With the Philippines on board, customers will now be able to access the third largest remittance recipient market in the world.