This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

HomeSend Announces New Hub Member, Japanese MTO, Brastel Remit

Stocks in this article: ESV

PARIS, October 8, 2013 /PRNewswire/ --

New sending remittance corridors from Japan to key markets

eServGlobal announces a new agreement for the HomeSend remittance service between its strategic business partner BICS and Brastel Remit, a remittance service of Brastel Co., Ltd. in Japan.

     (Logo: )

Japan is one of the top remittance sending countries in the world. The World Bank states that in 2011 Japan recorded outbound remittance flows of over US$4.7 Bn. Brastel Remit is a money transfer organisation (MTO) enabling users in Japan to remit money to their family and friends overseas via an online platform. Brastel Remit caters to both the foreign community in Japan and Japanese nationals with friends and family abroad. Brastel Remit is currently enabling users to send money to several countries in Asia.

Brastel Remit will use the HomeSend hub to reach new markets in Russia, as well as other CIS countries, Asia and Africa; utilising existing HomeSend connectivity in these countries. The first corridors are expected to launch from Japan towards Russia and the CIS countries in the coming weeks. Following this Brastel Remit and HomeSend will launch corridors to the Philippines and African nations, continuing a progressive roll-out to other key receiving markets.

The agreement with HomeSend will enable Brastel Remit to further extend its services into emerging markets, where mobile money services continue to spread but internet and bank accounts are limited.

Paolo Montessori, CEO and Managing Director,  eServGlobal, said "Brastel is clearly committed to sourcing easy-to-use and economical remittance options for its users. HomeSend will bring access to the mobile wallets of our extensive collection of hub members in emerging countries around the globe.

"We are proud to work with forward thinking MTOs like Brastel. We have already commenced the work required to quickly roll out the deployment, enabling users to light up these corridors with the transfers they need."

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs