Earthport (AIM: EPO.L), the leading payment network for cross-border transactions, today announces an agreement with The FX Firm, the leading FX specialist in providing services to the payroll sector.
The agreement is intended to facilitate The FX Firm’s business expansion and to enhance its offering as the efficient, secure facilitator of cross-border payroll services.
Earthport's technology will enable The FX Firm to deliver faster, cheaper cross-border payments. Through adopting this system, The FX Firm will remain competitive and deliver on its promise to provide ‘swift and simple payments’.
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.
Rob Munro, Chairman of The FX Firm, said, “We have selected Earthport as it is the leading facilitator of high volume cross-border payments. Its highly sophisticated payments network enhances our cross-border payroll offering to corporates while enabling our planned business expansion.”
Daniel Marovitz, Earthport President Europe, commented, “We are delighted to announce this deal with the FX Firm. Earthport is uniquely placed to underpin The FX Firm’s cross-border transactions and to ensure it continues to provide secure payments at a competitive rate.”