30 Apr 2014 07:01
30 April 2014
Earthport plc
("Earthport")
Contract Win with WorldRemit
Earthport (AIM: EPO), the cross-border payments service provider, is pleased to announce that it has secured a three year contract with WorldRemit, a global online money transfer business. The time between contract signing and live transactions is expected to be less than one week.
Ismail Ahmed, Founder and CEO of World Remit commented: "We anticipate that this partnership with Earthport will enable us to improve our already high levels of customer service. We are also confident we have a partner in place who can support us in our ambitious future growth plans."
Hank Uberoi, Chief Executive Officer of Earthport, commented: "We are delighted that WorldRemit has chosen Earthport and look forward to supporting their growth plans. The rapid implementation from contract to going live further demonstrates the capability and agility of our payments platform."
For further information, please contact:
Earthport plc Hank Uberoi
| 020 7220 9700 |
Charles Stanley Securities Mark Taylor / Paul Brotherhood
| 020 7149 6000 |
Panmure Gordon Katherine Roe / Fred Walsh
| 020 7886 2500 |
Newgate Threadneedle Fiona Conroy / Caroline Evans-Jones / Josh Royston / Jasper Randall
| 020 7653 9850 |
About Earthport
Earthport plc, a regulated global financial services organisation, specialises in the provision of a white label cross-border payments service.
Through its innovative payments framework, specifically designed for high volumes of low value cross-border payments, Earthport provides a cost-effective and transparent service for secure international payments. Earthport's clients include banks, money transfer organisations, payment aggregators, e-commerce businesses and foreign exchange businesses. Through Earthport's well established payments infrastructure, clients can clear and settle payments directly to banked beneficiaries in 60 countries.
The company is headquartered in London and is listed on the Alternative Investment Market (AIM) on the London Stock Exchange. It operates globally with additional regional offices in Dubai and New York. Earthport plc is authorised and regulated by the Financial Conduct Authority under the Payment Service Regulations 2009 for the provision of payment services. To learn more, please visit www.earthport.com and follow us via RSS or on social channels, Twitter @Earthport, LinkedIn, Youtube and Slideshare.
About WorldRemit
WorldRemit is a global online money transfer business. Migrants and expats from 35 countries can make online payments to families and friends in over 100 destinations. WorldRemit offers a wide range of options to send and receive payments. Senders can make payments online, through smartphones or tablets, by debit or credit card, or via bank transfer. Recipients can get paid via bank deposit, direct transfers to mobile wallets, cash pickup or delivery, or airtime top-up for their mobile phones.
WorldRemit is headquartered in London, UK, and has regional offices in the USA, Canada, Australia, New Zealand and Hong Kong.