HomeSend – new remittance corridor to Smart Communications, Philippines
Paris, 29 July 2011
eServGlobal announces a new connection for the HomeSend remittance service between its strategic business partner BICS and Smart Communications, the largest mobile network operator in the Philippines.
Smart Communications has over 45 million subscribers in the Philippines and a strong track record in providing domestic mobile money services. Through HomeSend, Smart Communications will be able to offer remittance services to their mobile money users. The Philippines receives over US$20 Billion in international remittance reach year and is one the top remittance receiving countries in the world. For example, in 2010, Qatar and the United Kingdom sent over US$500 million each in remittances to the Philippines.
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 Smart Communications release is available to download from the link below.