StockMarketWire.com – eServGlobal has revealed the launch of new mobile remittance corridors for the HomeSend service following an agreement between its strategic business partner BICS and Lycamoney.
The new corridors are between the UK, Morocco and the Philippines.
Lycatel is one of the leading mobile virtual network operators in Europe with more than 6 million customers.
It has a particular focus on providing services to the pre-paid international immigrant and expatriate community, the most likely to use mobile money and international remittance services.
UK migrant workers sent home over $1.2Bn in 2009, according to the World Bank.
Lycamoney provides subscribers with a domestic mobile money solution, extending this scheme to offer international remittance is a natural progression.
With a base of users in a developed world market, Lycamoney is expected to bring sending power to the HomeSend hub.
At 8:44am: (LON:ESG) eServGlobal Ld share price was +0.5p at 23p
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