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eServGlobal Limited (ESG)

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Monday 11 February, 2019

eServGlobal Limited

eServGlobal secures new project in Asia Pacific

RNS Number : 6337P
eServGlobal Limited
11 February 2019
 

 

eServGlobal Limited (eServGlobal or the "Company")

 

eServGlobal secures new project in Asia Pacific

11 February 2019

 

eServGlobal (LSE: ESG.L & ASX: ESV.AX), a pioneering digital transactions technology company, announces the successful signing of a new contract with an existing customer in Asia Pacific.

 

The value of the contract is approximately €1M which will be recognised over a three-year period, with approximately 50% capable of recognition in FY19.

 

The contract involves eServGlobal supplying a voucher management platform for a leading local operator in the region. Asia Pacific is one of the largest mobile markets in the world and recharge is an essential feature in this predominantly prepaid market.

 

James Hume, eServGlobal COO, said, "I am pleased to provide this update of a new project with a key customer in Asia Pacific. In December last year we communicated the delay of certain orders, I confirm that we have now secured another of these projects. We continue to focus on successfully converting our strong pipeline of opportunities, while maintaining the cost discipline exhibited during the last year."

 

About eServGlobal

eServGlobal (AIM:ESG, ASX:ESV) is a pioneering digital financial transactions technology company, enabling financial and telecommunications service providers to create smoother transactions for their customers through deep technical expertise and rapid implementation. Built on the latest technology platforms, eServGlobal offers a range of transaction services including digital wallets, commerce, remittance, recharge, rapid service connection and business analytics. eServGlobal combines more than 30 years' experience, with an agile, future-focused mindset, to align with the requirements of customers and partners around the globe.

 

Together with Mastercard, eServGlobal is a joint venture partner of the HomeSend global payment hub, enabling cross-border transfer between bank accounts, cards, mobile wallets, or cash outlets from anywhere in the world.

 

For further information, please contact:

eServGlobal

www.eservglobal.com

John Conoley, Executive Chairman

Tom Rowe, Company Secretary

Andrew Hayward, Chief Financial Officer

Alison Cheek, VP Corporate Communications

 

[email protected]

finnCap Limited (Nomad and Broker)
Corporate Finance: Jonny Franklin-Adams / Anthony Adams / Hannah Boros

Corporate Broking: Tim Redfern / Richard Chambers

 

www.finnCap.com
T: +44 (0) 20 7220 0500

Tulchan Communications LLP

Jonathan Sibun / Matt Low

 

www.tulchangroup.com

T: +44 (0)207 353 4200

 

 


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