Belgacom Trials Money Transfer

Belgacom and eServGlobal have tested their joint service and performed an international money transfer through the mobile phone

March 24, 2009

2 Min Read

SYDNEY -- Belgacom International Carrier Services (Belgacom ICS), a leading global provider of voice, data and value added services and eServGlobal Limited (LON:ESG)(ASX:ESV), a provider of end-to-end solutions, enabling smart communication and payment services, have successfully tested their joint service, HomeSend, and performed a first international money transfer through the mobile phone.

The HomeSend service is the first mobile centric global hubbing service for international remittance, airtime exchange and roaming recharge. During this trial, Belgacom ICS and eServGlobal have successfully tested a first remittance corridor between Belgium and a North African country.

This represents a significant new step in mobile payments, and indeed the telecommunications industry. Especially since the GSMA announced during the Mobile World Congress in Barcelona that it has chosen Belgacom ICS! as one of its partners in the Mobile Money Transfer (MMT) programme, an initiative that leverages mobile to facilitate access to money transfer services.

In the coming months further tests are planned to ensure coverage, from Europe and the Middle East to South East Asia as well as within Africa and South East Asia. Belgacom ICS and eServGlobal are also striving to peer with the other players in the remittance industry, to enable Mobile Operators in any country to access the international remittance market and gain the largest possible coverage.

International remittances are a significant sector for mobile payment, allowing mobile subscribers to easily and quickly transfer airtime or money internationally. According to the GSM Association, some 175 million migrants currently use remittance services, sending money to around 800 million dependent recipients. Remittance flows have reached US$320 billion, and are estimated to reach US$700 billion by 2012.

The expansion of any payment offering with international re! mittance services will make it easier for users to send small amounts more frequently, generating incremental transaction revenue.

Laurent Lafarge, CEO of eServGlobal said "This is a great new milestone for HomeSend and we are proud to provide mobile operators with this unique value proposition that will allow them to access new customers, reduce churn and extract maximum value!"

Daniel Kurgan, CEO of Belgacom ICS said "Since the GSMA endorsement, this successful trial is the first big achievement for HomeSend, an innovative new hubbing service, that will open up new markets and enable mobile operators to make a bold step into a high-value area."

Belgacom SA (Euronext: BELG)

eServGlobal Ltd. (London: ESG: ASX: ESV)

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