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eServGlobal and Zain Group Bring Mobile Money to the Middle East and Africa
 
 
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PARIS, August 5, 2013 /PRNewswire - MySolutionInfo/ -- eServGlobal (LSE: ESG & ASX: ESV), the provider of end-to-end mobile financial services to emerging markets, is pleased to announce that the three-year framework agreement with a multinational operator group announced on 30 April 2013 refers to the Zain Group. Zain is a leading provider of mobile telecommunications in eight markets across the Middle East and Africa. eServGlobl's end-to-end mobile money solution will be deployed across Zain Group's operations.

"Together with the Zain Group, we have conceived a next-generation mobile financial services solution which will set the standard for holistic mobile money services," said Paolo Montessori, CEO, eServGlobal. "Our technology perfectly complements the Zain Group's objective to provide innovative, world class services in all the areas that it operates. We are proud to be working with Zain to enrich the lives of users by putting secure financial services at their fingertips."

Scott Gegenheimer, CEO of Zain Group, said, "The positive economic and social impact
of financial inclusion for many of our customers where banking services are scarce will be
abundant. We embrace the opportunity to launch new services that improve the livelihoods
of the communities we serve, and through eServGlobal's comprehensive solution, we will be
able to offer life-enhancing mobile services and cement our position as an innovative
market leader in the mobile-money arena across our region."

Furthermore, Gegenheimer noted, "This agreement along with other ground-breaking
products and services in the pipeline will empower customers to move about freely with
their mobile phones transacting on goods and services. Our aim is to create an eco-system
whereby mobile money solutions provide our customers with increased security and
flexibility, reducing the need to carry cash."

The comprehensive solution that will be progressively rolled out across Zain's operations, encompasses a complete mobile money platform, providing services such electronic top-up, mobile wallets, mobile banking, online payments, salary disbursements, peer-to-peer money transfer, micro finance, airtime top-up, bill payment and payment at a merchant.

Zain Group coverage extends to more than 44.4 million subscribers spanning Kuwait, Bahrain, Iraq, Jordan, Lebanon, Saudi Arabia, South Sudan and Sudan. Notably, in several of Zain's markets, over 90% of the population does not have access to banking facilities.

eServGlobal was chosen for this trans-affiliate implementation following a formal tendering and strict selection process by Zain, based on the unmatched benefits and maturity of its field-proven solution, including a strong portfolio of customers across the Middle-East and Africa region. eServGlobal currently provides recharge solutions to several of the Zain operations, this agreement reinforces the strength of the relationship.

For more information about eServGlobal: http://www.eservglobal.com

Posted on: Aug 6 2013


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CategoryDescription
Telecommunications
 
http://www.zain.com
Country: Kuwait

Zain is a leading telecommunications operator across the Middle East providing mobile voice and data services to over 37.2 million active customers as of 31 December 2010 with a commercial presence in 7 countries. Zain operates in the following countries: Bahrain, Iraq, Jordan, Kuwait, Saudi Arabia and Sudan. In Lebanon, the company manages 'mtc-touch' on behalf of the government. In Morocco, Zain has a 15.5% stake in Wana Telecom, now branded 'INWI', through a joint venture. Zain is listed on the Kuwait Stock Exchange (stock ticker: ZAIN).

For more information please visit www.zain.com
www.facebook.com/zain
www.twitter.com/zain
www.youtube.com/zain

Zain Head office
Shuwaikh, Airport Road, Kuwait
P.O.Box: 22244 Safat, 13083 Kuwait
Tel: KW +965 4644444

Media Enquiries: info@zain.com

Media contact:
Antoine Aboukhalil
Acting Director
Zain Group Corporate Communications
Zain
Office: (LB) +961.3.792165
Fax: (LB) +961.3.792180

For more information on Zain Bahrain, please visit www.bh.zain.com.
For more information on Zain Kuwait, please visit www.kw.zain.com







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