Paris, 29 September 2011
eServGlobal announces an agreement for the HomeSend remittance service between its strategic business partner BICS and Wafacash, subsidiary of the Attijariwafa Bank Group and Moroccan leader in international money transfers.
Through this agreement, HomeSend users will be able to use their mobile phones to remit money to their family and friends in Morocco. The service will initially be launched on the Belgium to Morocco corridor. There are over 3 million Moroccans living abroad with the majority living in France, Spain, Italy and Belgium. The service will go live this month with initial revenues anticipated in this financial year.
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. The HomeSend mobile remittance hub service is offered by BICS and based on eServGlobal technology. BICS is a leading global provider of Voice, Messaging, Roaming, Connectivity and Mobile Financial Services. HomeSend, which benefits from a first mover advantage, is the only mobile-centric international remittance hub endorsed by the GSMA, with remittance corridors operating between countries including the UK, the Philippines, Belgium, Ghana and Morocco.