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Paris, 6 February 2012

eServGlobal continues to solidify its position in the Mobile Money space with the announcement that Paolo Montessori has joined the company as Vice President, Mobile Money.

Mr Montessori is a well recognised figure in the global mobile VAS market and for the past three years has had a particular focus on delivering Mobile Money solutions.

Prior to joining eServGlobal, Mr Montessori was Vice President Sales for Comviva Technologies Ltd (formerly Bharti Telesoft Ltd) where he was closely involved in Mobile Money and Payments and led both commercial and solution design in this field with numerous industry leaders.

In these early days of the mobile payments industry, commercial experience in designing a solution which meets the needs of all stakeholders brings great value to an organisation.

“I have found that successful Mobile Money solutions share three essential ingredients: market proven expertise, continuous focus on innovation and the agility to respond to specific local conditions,” commented Mr Montessori. “I believe all these elements are present at eServGlobal and I look forward to being part of their continuing success story.”

Craig Halliday, CEO of eServGlobal, commented, “Paolo Montessori’s appointment to this newly created role demonstrates both eServGlobal’s recent growth and our expectation for ongoing success in the mobile money space.”

Mr Montessori’s experience extends to the telecom industries in Australia, the Middle East, South Asia, Asia Pacific, Europe and Latin America, complementing the existing global customer base of eServGlobal and encompassing markets where Mobile Money is experiencing rapid growth.

Industry research body, Berg Insight forecasts that the number of mobile money subscribers in emerging markets will grow from 133 million users in 2010 at a compound annual growth rate (CAGR) of 40 percent to reach 709 million users in 2015. The total value of mobile money transactions is expected to simultaneously grow at a CAGR of 54 percent from US$ 25 billion in 2010 to US$ 215 billion in 2015.

eServGlobal’s Mobile Money team will be attending the Mobile World Congress in Barcelona at the end of February where the latest developments in Mobile Money will be a focus for many of the 60,000 expected attendees.

Press Release_VP Mobile Money.pdf

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