StockMarketWire.com - Global payments provider Earthport has clinched a contract with an international bank to offer enhanced cross-border payment services to its customers.
This contract will see Earthport automating payments, as well as providing enhanced cross-border remittance services to the bank's customers.
The bank facilitates pension payments to European individuals who have settled overseas.
In addition to streamlining existing pension services, the bank will also be leveraging Earthport's unique international money movement platform to provide low cost and secure cross-border remittance services to its customers wanting to make person to person payments.
Executive directorm Hank Uberoi said: "We are pleased to be able to announce a contract with an international bank, which is another example of Earthport successfully addressing its target segments.
"As financial institutions across the globe look to take advantage of the rapid growth in cross-border payments, the Earthport service proposition of making high volume, secure and low cost payments makes us a natural partner for banks.
"We are excited with this latest deal, which demonstrates our ability to sign long term guaranteed recurring revenue contracts and look forward to supporting the bank's continued expansion."
At 1:55pm: (LON:EPO) Earthport share price was +0.51p at 16.88p
Story provided by StockMarketWire.com
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