Under the agreement, the Tokyo-based technology firm will help Earthport strengthen relationships with global institutions seeking to address their international payments requirements.

GWT provides customers including banks, hedge funds and securities firms with an extensive portfolio of advanced intelligence software. Their expertise in financial solutions and relationships with key financial institutions offers Earthport the ideal local presence for multi-national institutions based in Japan. GWT will act as an extension of the existing Earthport sales team led by Marc van Teeseling, Vice President of Business Development for Asia Pacific.

Due to increased international trade, particularly in the south to south trade routes and intra Asia, the international payments market has been accelerating at a rapid speed, with a downward shift in the value of payments. Earthport provides a transparent and cost-effective service specifically designed to process high volumes of low value payments with a straight-through-processing efficiency rate of 99.7%.

GWT founder Yukio Sakamoto said: "We look forward to delivering value to our clients through proposing Earthport's innovative payments framework as a superior payments service. Earthport provides a completely new flexible solution for corporates, financial institutions and non-banks to offer competitive international business services. We are delighted to offer an innovative new payments model to our customers, which can be integrated with their systems and complement existing services"

Paul Thomas, Executive Director, Earthport said: "GWT has excellent relationships in the Japanese financial community, which will help us expand and strengthen our relationships with global institutions. With the help of GWT, we look forward to delivering a targeted payments service for low value cross-border payments."