Earthport PLC Expanded Payments Access for BofAML Clients (5136R)

TIDMEPO

RNS Number : 5136R

Earthport PLC

12 December 2016

12 December 2016

Earthport PLC

("Earthport" or the "Company")

Earthport Delivers Expanded Access of Cross Currency ACH Payments

for Clients of Bank of America Merrill Lynch

Earthport (AIM: EPO.L), the leading payment network for cross-border payments, is pleased to announce an expanded service with Bank of America Merrill Lynch ("BofAML"), a leading provider of global transaction services. This service will add numerous new countries and currencies to the bank's online and file based banking portal, CashPro(R), further expanding the bank's international ACH payment capabilities. BofAML clients can now access cross currency payments in more than 60 countries and nearly 25 currencies. This expanded access represents a significant development of the strategic relationship between Earthport and BofAML that was first announced in 2013.

Hank Uberoi, CEO of Earthport, commented: "BofAML is one of the world's largest payments and cash management bank and we are delighted to be extending our services to them, bringing real efficiency and transparency to cross-border payments for their clients. The innovation that BofAML is bringing to payments is exciting and we are thrilled to be playing a part in it."

For further information, please contact:

Earthport plc 020 7220 9700

Hank Uberoi, Chief Executive Officer

Simon Adamiyatt, Chief Financial Officer

Newgate 020 7653 9848

Bob Huxford/Helena Bogle

N+1 Singer (Nominated Adviser and Joint Broker) 020 7496 3000

Mark Taylor/James White

Shore Capital (Joint Broker) 020 7408 4090

Bidhi Bhoma/Toby Gibbs

About Earthport

Earthport provides cross-border payment services to banks and businesses. Through a single relationship with Earthport, clients can seamlessly manage payments to almost any bank account in the world, reducing costs and complexity to meet their customers' evolving expectations of price, speed and transparency.

Earthport offers clients access to global payment capability in 190+ countries and territories, with local ACH options in 60+ countries and an evolving suite of currencies and settlement options.

Earthport continues to invest in the establishment of in-country bank partnerships across the world, bringing together its deep market and regulatory expertise in order to maintain compliant and commercially competitive services.

The result - a global payments network accessed via a single relationship, delivering significant cost and operating efficiencies for banks and businesses servicing high volumes of lower value payments.

Headquartered in London with regional offices in New York, Dubai, Miami and Singapore, 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.

This information is provided by RNS

The company news service from the London Stock Exchange

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December 12, 2016 02:00 ET (07:00 GMT)