Earthport (AIM: EPO), the leading payment network for cross-border transactions, is pleased to announce that it has been appointed by SECB Swiss Euro Clearing Bank GmbH (“SECB”), a major euro payment clearing hub for Swiss banks, to provide SWIFT payment processing services.
Headquartered in Frankfurt, Germany, SECB processes euro transactions for banks and other businesses domiciled in Switzerland. The new contract with Earthport will enable SECB to enhance its cross-border payment capabilities, further increase payment processing efficiency and add greater value to its customers.
SECB becomes Earthport’s first client in Germany, which marks an important milestone in the growth of the Company in Europe.
Roland Böff, CEO, SECB Swiss Euro Clearing Bank GmbH, said: “SECB has always been highly committed to providing its clients with secure and efficient payment services in euros on a global basis. The arrangement with Earthport will help us to further strengthen our service offering for our customers.”
Hank Uberoi, CEO, Earthport, commented: “We are delighted that SECB has selected Earthport to support its cross-border payment business. We are committed to developing our presence in Germany, Europe’s largest economy, and to bringing the efficiency, security and transparency of the Earthport payment network to businesses in the region. We look forward to partnering with SECB to provide improved payment capabilities to its clients.”