Watch the latest episode of focusIR Fireside Chats: Why Edinburgh Investment Trust Is Backing Turnaround Stocks for 2026 Growth. View here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksEarthport Regulatory News (EPO)

  • There is currently no data for EPO

New Client Win

6 Aug 2015 07:00

RNS Number : 2514V
Earthport PLC
06 August 2015
 

6 August 2015

Earthport plc

("Earthport", the "Company" or the "Group")

New Client Win

Earthport Payment Network Supporting the International Money Transfer Services Market

 

Earthport (AIM: EPO.L), the leading payment network for cross border transactions, announces CurrencyFair, the peer-to-peer currency exchange company, has signed as a new client. CurrencyFair is the latest in a number of online money transfer clients to sign with Earthport in the last twelve months, confirming the Company's success in serving this growing industry sector.

 

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, reliable and cost-effective payment network to deliver payments locally on behalf of its customers. This will enable CurrencyFair to rapidly extend its customer proposition into new international markets.

 

Other money transfer companies to have signed with Earthport in the last twelve months include TransferWise, Fexco Pacific, WorldRemit and BEO Group.

 

TransferWise is a peer-to-peer money transfer service using real exchange rates without hidden fees. Earthport has enabled TransferWise to expand into new markets quickly and efficiently and meet a rapidly growing retail demand for transparent, simple and reliable cross-border money transfers.

 

Fexco Pacific enables small and medium sized business and non-profit organisations the ability to transfer money for a small fixed fee. With Earthport's global network Fexco's customers can make payments all over the world in numerous currencies in a cost effective, efficient way. This helps these organisations source imports more cost effectively and receive more for their exports or donations.

 

BEO Group, is one of Australia's longest established money transfer organisations providing ex-patriates -primarily from the Balkans--with a one-stop-shop for money transfers, travel arrangements and real estate purchases. Earthport helps BEO Group meet its clients' needs by providing transparent, predictable and efficient cross-border payments.

 

WorldRemit is a leading money transfer operator benefiting from Earthport's transparent and efficient cross-border payments service as it launches new direct-to-bank account products country by country.

 

Further money transfer companies also benefiting from Earthport's solution include Azimo, Viamericas, Western Union, and Xoom.

 

Hank Uberoi, Chief Executive Officer of Earthport, 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."

 

 

For further information, please contact:

Earthport plc

Hank Uberoi, Chief Executive Officer

Simon Adamiyatt, Chief Financial Officer

 

020 7220 9700

Charles Stanley Securities

Mark Taylor / Paul Brotherhood

 

020 7149 6000

Panmure Gordon

Fred Walsh / Duncan Monteith / Maisie Atkinson

 

020 7886 2500

Newgate Communications

Tim Thompson / Bob Huxford / Alex Shilov / Helena Bogle

020 7653 9850

About Earthport

Earthport plc powers cross-border payments for financial institutions, digital commerce, money transfer companies, payment gateways and public sector entities. One connection to Earthport brings clients access to the largest open network for global bank payments, with integrated sophisticated validation and compliance services. Our in-country experts across the globe deliver solutions to our customers, who are among the most admired and innovative brands in the world and rely on Earthport to support their global trade, digital commerce and remittance operations.

 

Earthport is transforming the future of cross-border payments, satisfying the need for fast, cost efficient, transparent and reliable payments. Earthport is headquartered in London and is listed on the Alternative Investment Market (AIM) on the London Stock Exchange. It operates globally with an office in 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. Among the FinTech50, Earthport is the recipient of the 2015 Grant Thornton Technology company of the year award and FStech Retail Systems' 2014 B2B Payments Innovation of the Year. For more information, visit www.earthport.com, via RSS, social channels, Twitter @Earthport, LinkedIn, Google+, Youtube and Slideshare.

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
NRAMMGGRFKLGKZZ
Date   Source Headline
27th Sep 20139:00 amRNSPosting of Offer Document
18th Sep 20139:19 amRNSForm 8 (OPD) (Baydonhill Plc)
18th Sep 20137:00 amRNSOffer by Earthport PLC
16th Sep 20137:00 amRNSSelected by Azimo
9th Sep 20132:00 pmRNSNotice of Events
30th Aug 20138:17 amRNSHolding(s) in Company
12th Jul 20137:00 amRNSAppointment of Adviser
3rd Jul 20134:40 pmRNSSecond Price Monitoring Extn
3rd Jul 20134:35 pmRNSPrice Monitoring Extension
14th Jun 20137:00 amRNSHolding(s) in Company
13th Jun 20136:30 pmRNSHolding(s) in Company
13th Jun 20136:30 pmRNSHolding(s) in Company
13th Jun 20136:30 pmRNSHolding(s) in Company
11th Jun 20136:26 pmRNSHolding(s) in Company
11th Jun 20136:26 pmRNSHolding(s) in Company
7th Jun 20131:00 pmRNSCompleted Share Subscription - Replacement
7th Jun 20137:00 amRNSCompleted Share Subscription
30th May 20135:03 pmRNSHolding(s) in Company
29th May 20137:00 amRNS$10m Investment by IFC, member of World Bank Group
20th May 20137:00 amRNSFirst Payments Route into North Africa
9th May 20137:00 amRNSAgreement with Viamericas
25th Apr 20137:00 amRNSNew Payments Route into India
18th Apr 201310:44 amRNSIssue of Share Options
28th Mar 20137:01 amRNSInterim Results
6th Mar 20137:00 amRNSAgreement with American Express
5th Mar 20137:00 amRNShyperWALLET goes live
28th Feb 20134:28 pmRNSWarrant Exercise
26th Feb 20137:00 amRNSBusiness and Trading Update
29th Jan 20132:34 pmRNSHolding(s) in Company
28th Jan 20139:10 amRNSIssue of Equity
17th Jan 20137:00 amRNSAgreement with BB&T
16th Jan 20135:32 pmRNSHolding(s) in Company
9th Jan 20135:15 pmRNSHolding(s) in Company
9th Jan 20133:51 pmRNSHolding(s) in Company
27th Dec 20128:00 amRNSAdditional Listing
14th Dec 20123:33 pmRNSResult of AGM
12th Dec 201211:39 amRNSHolding(s) in Company
10th Dec 20127:00 amRNSAgreement with Bank of America
26th Nov 20127:00 amRNSIssue of Share Options
23rd Nov 20127:00 amRNSFinal Results
9th Nov 20128:30 amRNSCompletion of Placing
8th Nov 20121:00 pmRNSHolding(s) in Company
30th Oct 20122:16 pmRNSHolding(s) in Company
29th Oct 20125:13 pmRNSHolding(s) in Company
22nd Oct 20127:00 amRNSSuccessful Placing
5th Oct 20127:00 amRNSBoard Change
1st Oct 20127:00 amRNSBusiness and Trading Update
17th Jul 20122:36 pmRNSHolding(s) in Company
11th Jul 20127:00 amRNSDirectorate Change
10th Jul 20122:02 pmRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.