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MasterCard, eServGlobal and BICS Create Remittance Joint Venture - WSJ.com

MasterCard, eServGlobal and BICS Create Remittance Joint Venture - WSJ.com | Mobility & Financial Services | Scoop.it

MasterCard (NYSE:MA), eServGlobal (LSE: ESG.L, ASX: ESV.AX) and BICS today announced the formation of HomeSend, a joint venture (JV) which will enable consumers to send money to and from mobile money accounts, payment cards, bank accounts or cash outlets -- regardless of their location or that of the recipient.

The HomeSend JV will leverage the current HomeSend platform, a remittance hub based on eServGlobal technology and developed as part of a strategic partnership between eServGlobal and BICS. The HomeSend platform was first to market in offering international mobile remittances. Today, HomeSend has live deployments in 50 countries and commercial contracts with mobile network operators (MNOs) and money transfer operators (MTOs) that represent more than 1.2 billion subscribers -- the equivalent of one in seven of the world's population -- and 200,000 cash agents respectively.

Katia Hilal's insight:

A great step for HomeSend to become the standard in mobile international remittance. Congratulations to all the team.

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Vodafone’s M-Pesa to Open Up More International Money Transfer Routes through HomeSend

Vodafone’s M-Pesa to Open Up More International Money Transfer Routes through HomeSend | Mobility & Financial Services | Scoop.it
Vodafone is set to help more people without access to conventional banking by broadening the reach of its secure mobile money transfer service, M-Pesa. Vodafone will connect its affiliates to HomeSend, the mobile remittance hub of BICS and eServGlobal.
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