The agreement is set to form the basis of the co-operation between from RBSs FXmicropay System and Belgacom’s HomeSend solution. Belgacom’s HomeSend solution, built in partnership with eServGlobal, is a mobile-centric global hubbing service for international remittances, while RBS’s FXmicropay System enables secure foreign exchange transaction processing with limited currency exposure.
International remittances are a significant part of mobile payments, allowing mobile subscribers to easily and quickly transfer money internationally. Through the currently existing remittance channels these cross-border transactions often bring a spread in currency exchange. Removing this obstacle is expected to catalyse the uptake of mobile remittances and therefore bring value to Belgacom’s HomeSend hubbing service, which is available to its mobile operator customers and other mobile payment suppliers.
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