Earthport Share News (EPO)

(ShareCast News) - Earthport, a payment network for cross border transactions, has signed peer-to-peer currency exchange company CurrencyFair as a new client.CurrencyFair's peer-to-peer currency exchange marketplace enables consumers to make the exchange of funds quickly and simply.As a client of Earthport, CurrencyFair will use Earthport's extensive cost-effective payment network to deliver payments locally on behalf of its customers, which will enable the former to rapidly extend its customer proposition into new international markets.In the last 12 months, Earthport has signed agreements with TransferWise, Fexco Pacific, WorldRemit and BEO Group.Chief executive officer Hank Uberoi said: "The mass migration of labour, explosive growth in global trade and rise of digital commerce continues to fuel the growing demand for cost-effective, reliable, simple ways of transferring money across borders."We are proud that Earthport, through its global payment network, is bringing about a new era of cross-border payments, streamlining the back-end infrastructure for payments service providers."No financial details of the deal were disclosed in the statement.At 1026 BST, Earthport shares were up 3.3% at 41.83p.