eServGlobal Launches Zain Cash Mobile Money Service In Iraq

LONDON (Alliance News) - eServGlobal Ltd said Tuesday its mobile-phone payment services have been ...

Alliance News 23 February, 2016 | 8:53AM
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LONDON (Alliance News) - eServGlobal Ltd said Tuesday its mobile-phone payment services have been launched commercially in Iraq under the name Zain Cash.

The payments company said it launched Zain Cash together with its partner, mobile-phone operator Zain Group. The service, which is offered by Iraq Wallet, a company authorised by the Central Bank of Iraq, allows customers make financial transactions using their mobile phones, linking their wallets to their SIM cards.

The service had its soft launch in Iraq in January.

"We are proud to be working with this innovation operator group as they roll out market-leading solutions across rapidly evolving markets," said eServGlobal Executive Chairman John Conoley.

eServGlobal shares were down 4.0% at 2.52 pence on Tuesday morning.

By Hannah Boland; hannahboland@alliancenews.com; @Hannaheboland

Copyright 2016 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar
Rating
eServGlobal Ltd 5.80 GBX -0.85 -
eServGlobal Ltd 0.10 AUD 0.00 -
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