- eServGlobal said it had received its first drawdown request from HomeSend under the loan facility agreed last month.

The total drawdown was €2m between eServGlobal and Mastercard, with eServGlobal providing its proportionate share in the amount of €713,681.25, the company said.

The company also announced that the percentage of payments terminating to a bank account destination on the HomeSend network in March 2019 grew to approximately 48% of gross transaction value flows across the platform, representing a marked increase from the 32% seen in December 2018.

'The network coverage as a percentage of global trade flows and the global remittance market remained stable across Q4 2018 and Q1 2019,' the company added.

At 9:25am: [LON:ESG] eServGlobal Ltd share price was -0.15p at 5.9p

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