HomeSend – new commercial agreement to enable mobile remittances towards China
Paris, 24 June 2011
eServGlobal announces an agreement for the HomeSend remittance service between its strategic business partner BICS and SmartPay, a leading Chinese electronic payment service provider.
The signing of this agreement is a significant step for HomeSend, enabling senders in selected countries in the EU, Middle East and Asia-Pacific to reach the critical mass of the Chinese market. This deal will greatly increase the number of potential receivers for HomeSend, simultaneously making the hub more attractive to potential senders. China is one of the top remittance receiving countries in the world, with over 8 million Chinese living abroad.
The HomeSend mobile remittance hub service is offered by BICS and based on eServGlobal technology. BICS is a leading global provider of Voice, Messaging, Roaming, Connectivity and Mobile Financial Services. HomeSend, which benefits from a first mover advantage, is the only mobile-centric international remittance hub endorsed by the GSMA, with existing remittance corridors operating between countries including the UK, the Philippines, Belgium, Ghana and Morocco.
The BICS and SmartPay announcement is available via the link below.