Viamericas to leverage Earthport’s cross-border payment capabilities to serve additional payment corridors outside Latin America and the Caribbean
Earthport, the cross-border payments service provider, today announced an agreement with Viamericas, the leading provider of remittance payments for Latin America, to support its strategic growth outside the Americas. Under the agreement, Viamericas will leverage Earthport’s global cross-border payment capabilities to service new routes outside Latin America and the Caribbean.
This agreement will enable Viamericas to expand its customer base internationally and provide more efficient, predictable and cost-effective direct-to-bank remittance transfers. As a company with an established service for the Latin American market, Viamericas was ranked by the Inter-American Dialogue as the first place remittance provider for the region in their 2012 Remittance Scorecard report. With remittance flows to the developing world expected to grow by 7.9% this year and reach a 10.7% increase by 2015, Viamericas needed a partner that could enable it to capture a bigger share of this growing market.
With local clearing capabilities in more than 50 countries worldwide, Earthport was uniquely placed to support Viamericas’ expansion into new territories, while enabling unrivalled efficiency and transparency of cross-border payments. The new service will enable Viamericas’ customers to benefit from low-cost remittance transfers and more transparent payments, including advance disclosure of all fees involved in the transfer.
“The collaboration with Earthport will enable us to offer more competitive payment services to our customers and venture into new markets,” said Paul Dwyer, co-founder and CEO of Viamericas. “We are extremely proud of the high quality of services we offer in Latin America and the Caribbean and we are fully committed to expanding our offering into new territories.”
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“Through adopting the Earthport service we can now deliver more transparent payments and enhanced customer experience, while driving cost efficiency and innovation to capture new segments of the remittance market,” he added.
“We are delighted to be part of Viamericas’ international expansion and look forward to working together on delivering superior cross-border payment services to their customers,” said Paul Thomas, executive director at Earthport.
About Viamericas Corporation
Viamericas Corporation is a leading money transfer company in the Latin American market offering fast and secure remittance payment services at affordable prices. Viamericas’ mission is to unite immigrant families and to help them achieve their goals by providing efficient international payment services and superior customer service.
Headquartered in Bethesda, MD, the company’s money transfer services include: agent based and on-line electronic funds transfers to payout agents, direct bank deposits and, in some markets, home delivery of funds. The company also provides check processing services and domestic and international top-up services. www.viamericas.com
Earthport plc, a regulated global financial services organisation, specialises in the provision of a white label cross-border payments service.
Through its innovative payments framework, specifically designed for high volumes of low value cross-border payments, Earthport provides a cost-effective and transparent service for secure international payments. Earthport’s clients include banks, foreign exchange businesses, money transfer organisations, payment aggregators and e-commerce businesses. Through Earthport’s well established payments infrastructure, clients can clear and settle payments directly to banked beneficiaries in over 50 countries.
The company is headquartered in London and is listed on the Alternative Investment Market (AIM) on the London Stock Exchange. It operates globally with additional regional offices in Dubai and New York. Earthport plc is authorised and regulated by the Financial Services Authority under the Payment Service Regulations 2009 for the provision of payment services. To learn more, please visit www.earthport.com and follow us on Twitter @Earthport.