1 Mar 2016 07:00
1 March 2016
Earthport plc
("Earthport" or the "Company")
New Contract Win
FX4BIZ take on Earthport to facilitate global expansion
Earthport (AIM: EPO.L), the leading payment network for cross-border transactions, is pleased to announce that it has entered into an agreement with FX4BIZ, a corporate FX provider with a fast growing European presence.
The partnership will help with FX4BIZ's global expansion and enhance its offering as an efficient, secure facilitator of cross-border payments for SMEs.
Earthport's technology has become part of its unique market positioning as an intelligent global payment engine which gives users access to a fast, efficient payment network in over 60 countries.
Patrick Mollard, FX4BIZ CFO, said, "We have selected Earthport as the leading facilitator of cross-border payments. The company's highly sophisticated payments network will enable us to develop our offering and to reinforce our international banking network."
Daniel Marovitz, Earthport President Europe, commented, "We are delighted to announce this agreement with FX4BIZ. We have built a global payment network, giving clients easy access to payment options in over 60 markets via a single API. We're proud that Earthport's payment network enables the continued growth of companies like FX4BIZ."
For further information, please contact:
Earthport plc | 020 7220 9700 |
Hank Uberoi, Chief Executive Officer | |
Simon Adamiyatt, Chief Financial Officer | |
Panmure Gordon (Nomad and Joint Broker) | 020 7886 2500 |
Mark Taylor / Fred Walsh / Duncan Monteith | |
Newgate Communications | 020 7653 9848 |
Bob Huxford / Helena Bogle |
About Earthport:
Earthport plc is a financial services organisation providing cross-border payments services to banks, e-commerce providers, money transfer companies and payment administrators. Earthport is headquartered in London with regional offices in New York, Miami, Dubai and Singapore.
One of the FinTech50 2015 - judged to be the game-changers transforming the future of finance - Earthport is also the winner of the Grant Thornton Quoted Company Awards 2015 Technology company of the year award and FStech/Retail Systems' B2B Payments Innovation of the Year (2014).
Earthport provides the industry with access to a global payment network through a single contract, a single technical integration, and a single service relationship. Worldwide, over 50 banks are connected into Earthport's network for the efficient clearing of low value payments. Through a single relationship, clients benefit from sophisticated validation, message transformation and compliance services, efficiently serving their customers with more innovative payment products.
Earthport is listed on the Alternative Investment Market (AIM) on the London Stock Exchange. Earthport plc is authorised and regulated by the Financial Conduct Authority under the Payment Service Regulations 2009 for the provision of payment services.
About FX4Biz:
FX4BIZ is a Belgian Payment Service Provider ("PSP"), licensed by the National Bank of Belgium, which provides an open-web banking technology for SMEs.
Its banking services include an international bank account structure (bank accounts can be opened in 17 different currencies), a trading room allowing to convert currencies at the best pricing conditions and a real-time and cross-border payment engine.
Find out more at www.earthport.com and on www.fx4biz.com Twitter @Earthport, LinkedIn, Youtube, Slideshare and Google+.