Earthport (AIM: EPO.L), the leading payment network for cross-border transactions, is pleased to announce a new partnership with Aftab Currency Exchange Limited (ACEL), a leading global money transfer business.
ACEL has partnered with Earthport to expand its bank-to-bank capability following strong growth in its electronic bank transfer service, and will initially use Earthport's capabilities to strengthen its EU offering with a view to further expansion globally over the coming months.
Earthport's payment network offers clients access to an evolving suite of payment methods in over 60 countries in a fast and highly cost effective manner, following the same rigorous compliance processes necessary in a global payments environment.
This partnership supports ACEL's vision to become a global leader in the money transfer business and the first choice for people without access to traditional bank services where money transfer is the only option.
Aftab Ashraf, Founder Director, ACEL, commented: "We constantly work to improve and expand our money transfer services around the world. Earthport brings us one connection point to the largest network for global bank payments, with integrated, sophisticated, validation and compliance services. We shall deliver enhanced solutions to our clients to support their remittance needs."
Hank Uberoi, CEO Earthport, commented: "Earthport's service is uniquely positioned to enable secure and compliant global bank payment offerings and we are delighted that ACEL has chosen us to strengthen its bank transfer services."