Earthport teams with Aftab Currency Exchange Limited for payments growth
ACEL wants to expand its bank-to-bank capability and will initially use Earthport’s capabilities to “strengthen” its EU offering with a view to further expansion globally over the coming months.
Aftab Ashraf, founder director, ACEL, says Earthport brings it one connection point to the “largest network for global bank payments”.
Earthport says its network offers access to a suite of payment methods in over 60 countries.
ACEL adds that it can offer people, who don’t have access to “traditional” bank services, the option to use money transfers.
Earthport has been involved in two other deals recently.
It teamed with Ria Money Transfer, the world’s third largest money transfer company, to give Ria access to its payment network.
Earthport also inked a deal with Commercial Bank of Ceylon to provide local payment capability into Sri Lanka. The deal is part of Earthport’s Asian expansion strategy, with similar money transfer partnerships already secured in Pakistan and India.