eServGlobal Launches Smartphone App for Mobile Money in Emerging Markets
Poster: SySAdmin
Posted on June 24, 2015 at 2:14:01 AM
eServGlobal Launches Smartphone App for Mobile Money in Emerging Markets
PARIS, June 24, 2015 /PRNewswire/ --
eServGlobal has launched a smartphone app for mobile money services in emerging
markets. The white-label app will be part of eServGlobal's end-to-end mobile money
solution, supporting deployments worldwide.
To view the Multimedia News Release, please click:
http://www.multivu.com/players/uk/7559551-eServGlobal-launch-app-for-mobile-money
The app has already been sold to five existing eServGlobal customers including
projects in Cabo Verde, Armenia, and Somalia. Service providers can easily configure the
app to suit the needs and brand of their deployment. The app will be available for end
users through an app store and is available for both Android and iOS devices, serving more
than 95% of the market.
Stephen Blundell, COO, eServGlobal, said, "Mobile money in emerging markets is a
rapidly evolving space and service providers need solutions which anticipate their
subscribers' needs and enable them to propose industry leading features. With the rapid
spread of low-cost smartphone through emerging markets, service providers need to look to
features such as apps to ensure the success of their mobile money offering."
Smartphone use in emerging markets is expected to experience significant growth in the
coming years following the market-entrance of low cost handsets, starting as low as US$25.
Industry body, the GSMA, reports that, "Smartphone penetration has now reached 35%
worldwide, and we forecast this to rise to 65% by 2020. Translated into absolute terms,
this is an increase of 3 billion users between 2013 and 2020. However, unlike the boom to
now, emerging markets will drive this next wave of growth, presenting a vast and largely
untapped audience with a low cost route onto the internet[1]."
The rise of smartphones in emerging markets will give users unprecedented access to
the mobile Internet, changing the shape of mobile financial services. The inclusion of an
app as part of a mobile money deployment will improve end-user experience, and address
useability barriers which have hampered service uptake, helping to overcome potential
literacy and cultural barriers through features such as a graphical user-interface.
The app could also offer the possibility to combine mobile money with social network
use. Many emerging markets, such as in South-east Asia, already have extremely high
adoption of social networks. The ability to leverage a user's social network to encourage
mobile payments such as domestic remittance or merchant payment is a significant
opportunity for mobile money service providers.
--------------------------------------------------
1.
https://gsmaintelligence.com/research/2014/12/smartphones-in-emerging-markets/450
(Logo:
http://photos.prnewswire.com/prnh/20120730/552126 )
Photo:
http://photos.prnewswire.com/prnh/20120730/552126
Video:
http://www.multivu.com/players/uk/7559551-eServGlobal-launch-app-for-mobile-money
Photo:http://photos.prnewswire.com/prnh/20120730/552126
http://photoarchive.ap.org/
Video:http://www.multivu.com/players/uk/7559551-eServGlobal-launch-app-for-mobile-money
eServGlobal
CONTACT: Alison Cheek, Communications Manager, eServGlobal, +33-6-7003-9078
PARIS, June 24, 2015 /PRNewswire/ --
eServGlobal has launched a smartphone app for mobile money services in emerging
markets. The white-label app will be part of eServGlobal's end-to-end mobile money
solution, supporting deployments worldwide.
To view the Multimedia News Release, please click:
http://www.multivu.com/players/uk/7559551-eServGlobal-launch-app-for-mobile-money
The app has already been sold to five existing eServGlobal customers including
projects in Cabo Verde, Armenia, and Somalia. Service providers can easily configure the
app to suit the needs and brand of their deployment. The app will be available for end
users through an app store and is available for both Android and iOS devices, serving more
than 95% of the market.
Stephen Blundell, COO, eServGlobal, said, "Mobile money in emerging markets is a
rapidly evolving space and service providers need solutions which anticipate their
subscribers' needs and enable them to propose industry leading features. With the rapid
spread of low-cost smartphone through emerging markets, service providers need to look to
features such as apps to ensure the success of their mobile money offering."
Smartphone use in emerging markets is expected to experience significant growth in the
coming years following the market-entrance of low cost handsets, starting as low as US$25.
Industry body, the GSMA, reports that, "Smartphone penetration has now reached 35%
worldwide, and we forecast this to rise to 65% by 2020. Translated into absolute terms,
this is an increase of 3 billion users between 2013 and 2020. However, unlike the boom to
now, emerging markets will drive this next wave of growth, presenting a vast and largely
untapped audience with a low cost route onto the internet[1]."
The rise of smartphones in emerging markets will give users unprecedented access to
the mobile Internet, changing the shape of mobile financial services. The inclusion of an
app as part of a mobile money deployment will improve end-user experience, and address
useability barriers which have hampered service uptake, helping to overcome potential
literacy and cultural barriers through features such as a graphical user-interface.
The app could also offer the possibility to combine mobile money with social network
use. Many emerging markets, such as in South-east Asia, already have extremely high
adoption of social networks. The ability to leverage a user's social network to encourage
mobile payments such as domestic remittance or merchant payment is a significant
opportunity for mobile money service providers.
--------------------------------------------------
1.
https://gsmaintelligence.com/research/2014/12/smartphones-in-emerging-markets/450
(Logo:
http://photos.prnewswire.com/prnh/20120730/552126 )
Photo:
http://photos.prnewswire.com/prnh/20120730/552126
Video:
http://www.multivu.com/players/uk/7559551-eServGlobal-launch-app-for-mobile-money
Photo:http://photos.prnewswire.com/prnh/20120730/552126
http://photoarchive.ap.org/
Video:http://www.multivu.com/players/uk/7559551-eServGlobal-launch-app-for-mobile-money
eServGlobal
CONTACT: Alison Cheek, Communications Manager, eServGlobal, +33-6-7003-9078