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eServGlobal Launches Zain Cash Mobile Money Service In Iraq
Tue, 23rd Feb 2016 08:53
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.
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.
Mobile Money Goes Live in Iraq With 'Zain Cash'
PRNW - Tue Feb 23, 1:05AM CST
BARCELONA, Spain , February 23, 2016 /PRNewswire/ --
eServGlobal (LSE: ESG.L & ASX: ESV.AX) is pleased to announce the commercial launch of mobile money services with Zain Iraq. The service was soft-launched in January and has already attracted strong interest.
(Logo: http://photos.prnewswire.com/
The service is called 'Zain Cash' and is offered by Iraq Wallet, which is an authorised company from the Central Bank of Iraq (CBI). Through Zain Cash, customers can have a mobile wallet linked to their SIM card, enabling customers to make financial transactions easily and at any time (Cash-In/Cash-out, transfer money from one wallet to another, recharge for prepaid account & bill payment for postpaid account).
Scott Gegenheimer , CEO , Zain Group , said, "We are embracing the opportunity to launch new services that improve the livelihoods of the communities we serve, and through eServGlobal's solution, we will be able to offer life-enhancing mobile services and cement our position as a market leader in the mobile-money arena across our region."
John Conoley , Exec u tive Chairman, eServGlobal , said, "We are proud to be working with this innovative Operator Group as they roll out market-leading solutions across rapidly evolving markets. We look forward to continued collaboration with the Zain Group to launch mobile financial services across their operations."
eServGlobal has a framework agreement with the Zain Group to provide end-to-end mobile money and EVD (electronic voucher distribution for prepaid rechage) solutions across Zain Group's operations.
Mobile money, mobile financial services, mobile recharge and distribution are key elements in the Zain Group strategy. Through innovative product design and marketing strategies, Zain aims to maximise the benefit of mobile money, electronic recharge and distribution, giving customers new alternatives to financial transactions and account recharge. Zain Group coverage extends to more than 45.6 million customers spanningKuwait , Bahrain , Iraq , Jordan , Lebanon , Saudi Arabia , South Sudan and Sudan . Notably, in several of Zain's markets, over 90% of the population does not have access to banking facilities.
Zain's mobile commerce services have a transformational effect on unbanked populations as they open financial systems to formally excluded population segments. This kind of change is crucial in emerging markets where financial inclusion is key to economic development.
eServGlobal is showcasing their mobile money solutions at the Mobile World Congress inBarcelona , 22 - 25 February. eServGlobal will be hosting a live demonstration on its stand located at Hall 7 Stand i61.
Pictures .. Iraq Receives compounds [tactical] US
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eServGlobal (LSE: ESG.L & ASX: ESV.AX) is pleased to announce the commercial launch of mobile money services with Zain Iraq. The service was soft-launched in January and has already attracted strong interest.
(Logo: http://photos.prnewswire.com/
The service is called 'Zain Cash' and is offered by Iraq Wallet, which is an authorised company from the Central Bank of Iraq (CBI). Through Zain Cash, customers can have a mobile wallet linked to their SIM card, enabling customers to make financial transactions easily and at any time (Cash-In/Cash-out, transfer money from one wallet to another, recharge for prepaid account & bill payment for postpaid account).
Scott Gegenheimer , CEO , Zain Group , said, "We are embracing the opportunity to launch new services that improve the livelihoods of the communities we serve, and through eServGlobal's solution, we will be able to offer life-enhancing mobile services and cement our position as a market leader in the mobile-money arena across our region."
John Conoley , Exec u tive Chairman, eServGlobal , said, "We are proud to be working with this innovative Operator Group as they roll out market-leading solutions across rapidly evolving markets. We look forward to continued collaboration with the Zain Group to launch mobile financial services across their operations."
eServGlobal has a framework agreement with the Zain Group to provide end-to-end mobile money and EVD (electronic voucher distribution for prepaid rechage) solutions across Zain Group's operations.
Mobile money, mobile financial services, mobile recharge and distribution are key elements in the Zain Group strategy. Through innovative product design and marketing strategies, Zain aims to maximise the benefit of mobile money, electronic recharge and distribution, giving customers new alternatives to financial transactions and account recharge. Zain Group coverage extends to more than 45.6 million customers spanningKuwait , Bahrain , Iraq , Jordan , Lebanon , Saudi Arabia , South Sudan and Sudan . Notably, in several of Zain's markets, over 90% of the population does not have access to banking facilities.
Zain's mobile commerce services have a transformational effect on unbanked populations as they open financial systems to formally excluded population segments. This kind of change is crucial in emerging markets where financial inclusion is key to economic development.
eServGlobal is showcasing their mobile money solutions at the Mobile World Congress inBarcelona , 22 - 25 February. eServGlobal will be hosting a live demonstration on its stand located at Hall 7 Stand i61.
Pictures .. Iraq Receives compounds [tactical] US
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[Where - Baghdad]
seventh Iraqi Army Division stationed received in Anbar province, a number of US military vehicles "tactical."
seventh Iraqi Army Division stationed received in Anbar province, a number of US military vehicles "tactical."
The US embassy in Baghdad, on the front page of the social networking site [Facebook], "The coalition led by the United States forces on February 13, to provide the seventh division of the Iraqi army in the al-Asad air base, a number of tactical vehicles medium light volume [ LMTV]. "
She explained," has been donated to these vehicles to Iraq by training and arming Iraq Trust Fund, which aims to strengthen the capacity of the Iraqi security forces, "Musharh that" the processing of this band, in addition to the exercises lead to the lifting partner capabilities, and enable the Iraqi security forces in war against Daash. "
END
DEFENSE CONTRACTORS ARE BACK IN BUSINESS IN IRAQ
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She explained," has been donated to these vehicles to Iraq by training and arming Iraq Trust Fund, which aims to strengthen the capacity of the Iraqi security forces, "Musharh that" the processing of this band, in addition to the exercises lead to the lifting partner capabilities, and enable the Iraqi security forces in war against Daash. "
END
DEFENSE CONTRACTORS ARE BACK IN BUSINESS IN IRAQ
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Iraq, February 24, 2016 Show Video | Download Video
The number of private contractors working for the U.S. Defense Department in Iraq grew eight-fold over the past year, a rate that far outpaces the growing number of American troops training and advising Iraqi soldiers battling Islamic State militants.
The sharp increase, disclosed in a recent Pentagon report to Congress, underscores the military’s reliance on civilians even for missions with relatively small troop presence.
“If you look at the size and the composition of the forces that have been deployed in support of Operation Inherent Resolve, that’s changed markedly in the past year,” said Rick Brennan, a senior political scientist at the RAND Corp. and a retired Army officer.
As of January, 2,028 contractors were in Iraq, up from just 250 one year earlier, according to the Pentagon’s data. There are roughly 3,700 American troops there now, compared to 2,300 in January 2015.
That number of military contractors represents just a fraction of the contractors employed by the U.S. in Iraq. In addition to the 2,028 Pentagon contractors, another 5,800 are employed by other agencies, including the State Department.
In the 1980s, the U.S. military decided to hire contractors to work in support roles that had historically been done by troops. That includes jobs like food services, maintaining housing units, water purification and “all those those other things that go with maintaining troops in the field for a long time,” Brennan said. The plus-up in Iraq is likely for contractors in those types of roles.
“What’s occurred then is as you deploy more forces to theater, you have to provide increased total number of contractors,” Brennan said.
During the Iraq War, there was a little bit more than one-to-one ratio of contractors to soldiers, he said. Now in Iraq, more than 30 percent (618) of the contractors are working in maintenance and logistics jobs. Nearly 20 percent (381) are translators and 13 percent (263) are in base support positions, according to the data.
Contractors are also working in security, transportation, construction, communication support, training, management and administrative roles.
Nearly 70 percent of the contractors are American citizens, 20 percent are third-country nationals and the remaining are local Iraqis. The number of contractors the Pentagon can employ in Iraq is not capped, according to Col. Steve Warren, spokesman for Operation Inherent Resolve.
Many of the contractors in Iraq and neighboring countries are from well known warzone companies like KBR, DynCorp, and Fluor Corporation, the three firms hired by the Army’s Logistics Civil Augmentation Program, or LogCap. The Pentagon awards individual “task order” deals to these each time it needs to support troops overseas.
“It makes tailoring a unit much more responsive to the needs of the commander because you don’t have to try to rip people [with a trade specialty] from other installations,” Brennan said.
KBR, in a November presentation to investors, said its LogCap services work in Iraq “grew in the period with further growth possible.”
Besides the LogCap contractors, the Pentagon can award independent contracts, according to Andrew Hunter, a former Pentagon official who now director of the Defense-Industrial Initiatives Group at the Center for Strategic and International Studies, in Washington. In some instances, the Pentagon hires contractors already working for the government in order to speed up the process.
Even though U.S. troops withdrew fully from Iraq in 2011, many contractors stayed behind working at the American embassy or in logistical roles maintaining Iraq’s military equipment.
Congress ordered the Pentagon to provide detailed information about battlefield contractors following an incident in which private military contractors working for Blackwater USA killed 17 Iraqi civilians in Nisour Square in Baghdad in September 2007.
Not all contractors in the warzone are base guards, laundry workers or chefs. The CIA and other intelligence agencies still use contractors like the former Blackwater or $2.2 billion firm DynCorp and other for paramilitary services. The number of those contractors, some who are closer to the battlefield than the military advisors, is classified and unknown to the public.
U.S. Central Command, which oversees military operations in the Middle East, has sent Congress regular updates about the number of contractors being employed in Iraq and Afghanistan since August 2008. In July 2008, just following the 2007 troop surge, there were 162,428 Pentagon-funded contractors in Iraq, according to the data.
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