eServGlobal
(ASX:ESV) has announced an agreement between HomeSend and GeoSwift to provide streamlined, efficient payment services into China.
Through the partnership with GeoSwift, HomeSend’s global partners can now provide their customers with the ability to send money directly to consumers and businesses in China in local currency.
The company says GeoSwift is an innovative payment technology company connecting China and the rest of the world.
China is the second-largest payment receiving country in the world, with The World Bank estimating that in 2014 more than US$64 billion was sent to China by migrants living outside the country.
eServGlobal reported a net loss of $7.64 million at 30 April 2015.
