Earthport inks deal with Bank of the Bahamas

Earthport has partnered with Bank of The Bahamas to provide local payment capability into the Bahamas.

The AIM-listed payments service provider said it will support the “efficient, secure and cost effective” payment services into the country and strengthen payment capability into the Caribbean.

Currently, this market is only available for financial institution clients due to a condition of Earthport's regulatory approval in the Bahamas.

Earthport’s president of global strategy, Sajeev Viswanathan, said: “The addition of this market into our global payment network enables us to service the growing demand for payment services to the Caribbean region. We look forward to working together to deliver payment services to our growing global client base."

The company did not disclose any financial details of the deal.

At 1020 BST, shares were up 9.8% to 14p.