Provident Capital Transfers Launches HomeSend

Paris, 13 September 2010

eServGlobal and BICS today announced that Provident Capital Transfers Limited has connected to the HomeSend international remittance hub.


eServGlobal Limited (LSE: ESG & ASX: ESV), a global telecoms software vendor specializing in Mobile Money and Value-Added Services (VAS), and BICS, a leading global provider of voice, data and value added services, today announce that Provident Capital Transfers Limited has connected to the HomeSend international remittance hub.

Provident Capital Transfers Limited is a UK-based money transfer organisation (MTO) and a leader in mobile-based international remittances. It was the first to introduce cross-border international remittances on the M-PESA platform on the United Kingdom to Kenya corridor for the Kenyan immigrant population. With steady business growth, it is constantly on the lookout for more efficient and cost- effective ways to meet increasing consumer demand for mobile based international remittance.

The HomeSend partnership between eServGlobal and BICS delivers the only mobile-centric international remittance hub endorsed by the GSMA. With transfer fees significantly lower than those of traditional international remittance avenues, HomeSend allows subscribers to transfer funds from anywhere, using only their mobile phone and any type of funds, such as airtime and cash.

With the recent connectivity established between HomeSend and Globe Telecom in the Philippines, it is now possible for Filipinos in the United Kingdom to send funds directly to the mobile phones of their loved ones in the Philippines, using Provident Capital Transfers Limited as their cash-in agent.

Beth Munga, Managing Director of Provident Capital Transfers Limited, said “The global demand for mobile international money transfers is developing rapidly and Provident Capital Transfers Limited is proud to be the first UK remittance service provider to meet this growing demand.”

“By 2012 1.7 billion people in emerging markets are expected to have a mobile phone but no access to banking services”, said Craig Halliday, COO of eServGlobal. “HomeSend offers these subscribers a secure, convenient and inexpensive way to send and receive money and airtime.”

 

Nicola Peters