Proposed Sale of eServGlobal (ESG) core business

This video can be seen at: https://www.piworld.co.uk/2019/06/04/proposed-sale-of-eservglobal-esg-core-business/

 

Interview with John Conoley, eServGlobal, Executive Chariman eServGlobal announced it’s signed a conditional sale and purchase agreement to sell its core, eServGlobal operating business to Seamless Distribution Systems AB. John Conoley tells us more.

Can you tell us more about the announcement? – 00:21
Why now and more about the core business? – 01:29
How much are they paying for the legacy business? – 02:28
What are they buying? – 03:58
Can you update us on HomeSend? – 04:47
What can we expect short term & medium term? – 05:43

eServGlobal Limited is a provider of mobile financial technology, offering mobile money solutions. The Company covers a spectrum of mobile financial services, including mobile wallet, mobile commerce, analytics, advanced recharge, promotions and agent management. The Company is engaged in the provision of telecommunications software solutions to mobile and financial service providers on a global basis. The Company’s solutions include Mobile Money, Remittance and Recharge. The Company’s PayMobile platform is an end-to-end solution for mobile money and mobile financial services. PayMobile is a recharge solution, which includes a featured prepaid account recharge solution. The Company’s Remittance solution allows sending money. The PayMobile interfaces with the HomeSend global payments hub. The HomeSend is a solution, which enables cross-border transfer between mobile money accounts, payment cards, bank accounts or cash outlets.