MasterCard and partners ramp up mobile remittances

A new joint venture between MasterCard, eServglobal and BICS aims to grow the market for mobile remittances by linking the credit card giant’s relationships around the world with financial institutions with its new partners’ community of mobile operators.

Called Homesend, the MasterCard-controlled venture has the same name as the hub previously built by eServGlobal and BICS to enable international payments to be transferred via mobile phone.

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