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eServGlobal joint venture providing money transfer service to Sri Lanka

Published: 10:30 17 Jul 2015 AEST

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eServGlobal’s (ASX:ESV, AIM:ESG) HomeSend joint venture has signed an agreement with Dialog Axiata to make international remittance services available to millions of consumers across Sri Lanka.

HomeSend is a joint venture between MasterCard (NYSE:MA), eServGlobal and BICS.

Dialog, Sri Lanka’s largest telecommunications provider, launched eZ Cash, which grew to become the world’s first inter-operable mobile money service with the advent of Etisalat and Hutch to the platform.

It provides a network of more than 16,000 physical transaction points in the country.

Under the agreement, HomeSend’s hub will power remittance services globally to send money to Dialog’s eZ Cash accounts.

Using the HomeSend remittance hub, WorldRemit, mHits, Azimo, PostFinance and Lycaremit will be the first partners to launch services to eZ Cash from 16 July 2015, with other partners scheduled for launch in due course.

 

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