HomeSend – new remittance corridor to Nepal
Paris: 15 July 2011
eServGlobal announces a new connection for the HomeSend remittance service between its strategic business partner BICS and eSewa, the local online payment portal offered by F1 Soft in Nepal.
F1 Soft’s eSewa service is connected to more than 23 Nepalese banks and 7 remittance hubs. eSewa facilitates payments across the country through more than 4,000 outlets. Services include utility bill payments, prepaid cards and bank deposits via both mobile and the web. Through Homesend eSewa will be able to offer remittance services in Nepal. Nepal derives 24% of national GDP from international remittance. In 2010, Qatar sent an estimated US$1.125Bn in remittances to Nepal. A further US$961M was received from senders residing in India. The corridor to Nepal is expected to go live before the end of 2011.
HomeSend continues to set the standard for international interoperability in mobile money transfer by creating a seamless connection between a variety of mobile money systems and financial institutions around the world. HomeSend is offered by BICS and based on eServGlobal technology. BICS is a leading global provider of Voice, Messaging, Roaming, Connectivity and Mobile Financial Services. Benefiting from a first mover advantage, HomeSend 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 F1 Soft release is available below.