eServGlobal: More to prove with HomeSend

Despite blue-sky potential, we are taking a more cautious view towards the company as its key growth business – a joint venture with MasterCard – is in the early stages.

eServGlobal (ESV) has ambitious plans of providing a disruptive mobile technology that is capable of dramatically reducing the cost of global remittance to developing nations such as India and Africa.

The current high industry transaction costs were again raised at the G20 meeting on Friday, with a general agreement that the average transaction cost needs to be reduced from an average of 10% to 5%.

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