Earthport expands cross-border payments service with BofAML

Bank of America Merrill Lynch’s clients will now be able to access cross currency payments in over 60 countries and nearly 25 currencies after it expanded its service with AIM-listed Earthport.

Cross-border payments company Earthport’s service will add new countries and currencies to the bank's online and file-based banking portal, CashPro, which would expand its international automated clearinghouse payment ability

Chief executive Hank Uberoi said: "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."

Shares in Earthport were up 1.77% to 20.10p at 0854 GMT.