November 3, 2012 2:50 am

‘Multinational’ signing boosts eServGlobal

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Shares in eServGlobal, the mobile payments company, soared after it signed up another “multinational” operator to HomeSend, its money transfer service.

Although the company would not reveal the operator, the announcement triggered heavy buying as it came just over a week after it announced a similar tie-up with Vodafone.

Paolo Montessori, vice-president, said: “Although we see great potential, the value of the hub is really down to the contracts that we sign – and we are starting to see some traction on that.”

The deal means that eServGlobal’s HomeSend now serves operators with a total of 1bn subscribers, or one in five of all mobile users. The group, which has a market capitalisation of £32m, has said that it expected full-year revenues of £17m-£19m for the year to the end of October.

Shares ended the week up almost 50 per cent.

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