Earthport PLC Earthport partners with Aftab Currency Exchange

TIDMEPO

Earthport PLC

04 August 2016

RNS Reach

4 August 2016

Earthport plc

("Earthport", the "Company" or the "Group")

Earthport partners with Aftab Currency Exchange Limited

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."

For further information, please contact:

Earthportplc 020 7220 9700

Hank Uberoi, Chief Executive Officer

Simon Adamiyatt, Chief Financial Officer

Panmure Gordon (Nomad and Joint Broker) 020 7886 2500

Fred Walsh / Charles Leigh-Pemberton / Duncan Monteith

Newgate Communications 020 7653 9848

Bob Huxford / Helena Bogle

About Earthport:

Earthport is a regulated financial institution providing cross-border payments services to banks, eCommerce providers, money transfer companies and payment aggregators. Earthport is headquartered in London with regional offices in New York, Miami, Dubai and Singapore. Earthport provides its clients with access to a global network of banking partners, through which payments are settled directly via local clearing to beneficiaries in over 60 countries. Earthport's worldwide network is revolutionising global payments, providing a more cost efficient, transparent and reliable solution to the industry. Through a single relationship, clients benefit from sophisticated validation, message transformation and compliance services, efficiently serving their customers with more innovative payment products. Earthport is a public company, traded on the London Stock Exchange (AIM: EPO) with an institutional investor base including World Bank IFC, Oppenheimer, Blackrock, Henderson. Please visit www.earthport.com for more information.

About Aftab Currency Exchange Limited:

Aftab Currency Exchange Limited is a UK incorporated company, and has been operating in the North West of England since 2002. The Company strives to meet the expectations of its customers and continues to serve the high demands for sending money transfers around the World. Through an expanded network of Money Transfer Operators, agents, partner banks and established branches throughout the UK, Europe, Africa Asia, and Middle East ACEL currently serves beneficiaries in more than 65 countries.

This information is provided by RNS

The company news service from the London Stock Exchange

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August 04, 2016 02:01 ET (06:01 GMT)