HomeSend Enables Mobile Money Transfers to MobiDram, Armenia
Poster: SySAdmin
Posted on November 4, 2015 at 7:42:01 AM
HomeSend Enables Mobile Money Transfers to MobiDram, Armenia
BRUSSELS, November 4, 2015 /PRNewswire/ --
New remittance corridors provide quick, low-cost money transfer options to Armenia
HomeSend [http://www.homesend.com ], the international payment and money transfer hub,
today announced the launch of remittance services to MobiDram [http://mobidram.mts.am ],
an Armenian mobile financial service provider and subsidiary of Vivacell-MTS, Armenia.
HomeSend, a joint venture between MasterCard [http://www.mastercard.com ], eServGlobal
[http://www.eservglobal.com ] and BICS [http://www.bics.com ], is changing the way money
moves around the world by bridging the gap between financial institutions, non-financial
entities and mobile network operators.
The first sending partners to connect to MobiDram via HomeSend are money transfer
organisations, WorldRemit and Skrill with more partners to connect in the near future. The
remittance corridors are now live, offering a quick, convenient and low-cost way for
people to send money direct to the MobiDram mobile wallets of their loved ones in Armenia.
HomeSend allows sending parties, such as money transfer organisations, to connect to
mobile wallets in countries with significant diaspora and where there is a demand for
cost-effective, safe remittance services. According to the World Bank, remittances
contributed more than US$2bn to Armenia's economy in 2014, equivalent to almost 20% of it
GDP[1]. There are at least 780,000 Armenians working abroad[2]; the total number of
Armenians in the diaspora is thought to be larger than the country's population.
With 82% of Armenia's adult population without a bank account, mobile financial
services, such as MobiDram, hold great potential for the 3.3 million mobile subscribers in
the country, especially those who are recipients of remittances.[3] [4]
Kim Avanesyan, General Manager, MobiDram, said, "Our mission at MobiDram is to connect
our users to the latest innovations in mobile money. We are always looking for ways to
enrich our mobile wallets with new life-improving features. A single connection to
HomeSend allows our users to receive money transfers from their loved ones around the
world direct to their MobiDram mobile wallet."
Stephen Doyle, CEO, HomeSend, said, "We are pleased to share this good news which
reinforces the integral role that HomeSend plays in connecting some of the largest players
in the money transfer market today. We are proud to be the technology solution powering
low-cost, instant money transfer services to users worldwide."
Through a connection to the HomeSend hub, service providers can enable their consumers
to send money to and from mobile money accounts, payment cards, bank accounts or cash
outlets regardless of their location or that of the recipient.
About MobiDram Â
MobiDram started its operations in several VivaCell-MTS branches providing the
services such as utility payments collection, bank transfers, international transfers,
etc. With MobiDram, you enjoy the freedom of managing your time when you settle your bills,
or transfer funds, while you are sipping your coffee, sitting up in your office or
stretching out on your favourite sofa. MobiDram payment system is a mobile and online
financial solution on the Armenian market that gives opportunity to make easy and fast
money transactions anywhere, anytime. With MobiDram users and get transactions done
instantaneously: regularly send and get funds, pay bills 24/7 Â via your mobile or online.
MobiDram is absolutely secure and amazingly fast.
About HomeSendÂ
HomeSend [http://www.homesend.com ] is a joint venture created by MasterCard,
eServGlobal and BICS that enables B2B cross-border and cross-network value transfers
through a single connection. It builds on the successful deployment of mobile enabled
person-to-person transfers in emerging markets and the digitalization of money transfer
services. The HomeSend service innovatively bridges the gap between finance and
telecommunication service providers and enables consumers to send money to and from mobile
money accounts, payment cards, bank accounts or cash outlets - regardless of their
location or that of the recipient.
*figures not available for Somaliland
[1] World Bank - Annual Remittances Data 2014.
 http://data.worldbank.org/indicator
[2] World Bank - Bilateral Migration Matrix 2013.
http://siteresources.worldbank.org/INTPROSPECTS
[3] World Bank - Global Findex Database 2014.
http://datatopics.worldbank.org/financialinclusion/country/armenia
[4] ARKA Telecom - Mobile Subscribers 2014. http://telecom.arka.am/en/news
HomeSend
CONTACT: Alison Cheek, VP Corporate Communications / eServGlobal, Telephone number: +33-6-7003-9078, E-mail: lison.cheek@eservglobal.com
BRUSSELS, November 4, 2015 /PRNewswire/ --
New remittance corridors provide quick, low-cost money transfer options to Armenia
HomeSend [http://www.homesend.com ], the international payment and money transfer hub,
today announced the launch of remittance services to MobiDram [http://mobidram.mts.am ],
an Armenian mobile financial service provider and subsidiary of Vivacell-MTS, Armenia.
HomeSend, a joint venture between MasterCard [http://www.mastercard.com ], eServGlobal
[http://www.eservglobal.com ] and BICS [http://www.bics.com ], is changing the way money
moves around the world by bridging the gap between financial institutions, non-financial
entities and mobile network operators.
The first sending partners to connect to MobiDram via HomeSend are money transfer
organisations, WorldRemit and Skrill with more partners to connect in the near future. The
remittance corridors are now live, offering a quick, convenient and low-cost way for
people to send money direct to the MobiDram mobile wallets of their loved ones in Armenia.
HomeSend allows sending parties, such as money transfer organisations, to connect to
mobile wallets in countries with significant diaspora and where there is a demand for
cost-effective, safe remittance services. According to the World Bank, remittances
contributed more than US$2bn to Armenia's economy in 2014, equivalent to almost 20% of it
GDP[1]. There are at least 780,000 Armenians working abroad[2]; the total number of
Armenians in the diaspora is thought to be larger than the country's population.
With 82% of Armenia's adult population without a bank account, mobile financial
services, such as MobiDram, hold great potential for the 3.3 million mobile subscribers in
the country, especially those who are recipients of remittances.[3] [4]
Kim Avanesyan, General Manager, MobiDram, said, "Our mission at MobiDram is to connect
our users to the latest innovations in mobile money. We are always looking for ways to
enrich our mobile wallets with new life-improving features. A single connection to
HomeSend allows our users to receive money transfers from their loved ones around the
world direct to their MobiDram mobile wallet."
Stephen Doyle, CEO, HomeSend, said, "We are pleased to share this good news which
reinforces the integral role that HomeSend plays in connecting some of the largest players
in the money transfer market today. We are proud to be the technology solution powering
low-cost, instant money transfer services to users worldwide."
Through a connection to the HomeSend hub, service providers can enable their consumers
to send money to and from mobile money accounts, payment cards, bank accounts or cash
outlets regardless of their location or that of the recipient.
About MobiDram Â
MobiDram started its operations in several VivaCell-MTS branches providing the
services such as utility payments collection, bank transfers, international transfers,
etc. With MobiDram, you enjoy the freedom of managing your time when you settle your bills,
or transfer funds, while you are sipping your coffee, sitting up in your office or
stretching out on your favourite sofa. MobiDram payment system is a mobile and online
financial solution on the Armenian market that gives opportunity to make easy and fast
money transactions anywhere, anytime. With MobiDram users and get transactions done
instantaneously: regularly send and get funds, pay bills 24/7 Â via your mobile or online.
MobiDram is absolutely secure and amazingly fast.
About HomeSendÂ
HomeSend [http://www.homesend.com ] is a joint venture created by MasterCard,
eServGlobal and BICS that enables B2B cross-border and cross-network value transfers
through a single connection. It builds on the successful deployment of mobile enabled
person-to-person transfers in emerging markets and the digitalization of money transfer
services. The HomeSend service innovatively bridges the gap between finance and
telecommunication service providers and enables consumers to send money to and from mobile
money accounts, payment cards, bank accounts or cash outlets - regardless of their
location or that of the recipient.
*figures not available for Somaliland
[1] World Bank - Annual Remittances Data 2014.
 http://data.worldbank.org/indicator
[2] World Bank - Bilateral Migration Matrix 2013.
http://siteresources.worldbank.org/INTPROSPECTS
[3] World Bank - Global Findex Database 2014.
http://datatopics.worldbank.org/financialinclusion/country/armenia
[4] ARKA Telecom - Mobile Subscribers 2014. http://telecom.arka.am/en/news
HomeSend
CONTACT: Alison Cheek, VP Corporate Communications / eServGlobal, Telephone number: +33-6-7003-9078, E-mail: lison.cheek@eservglobal.com