Earthport gains foothold in Sri Lanka via Commercial Bank of Ceylon
Earthport partners with Commercial Bank of Ceylon for remittances
Earthport, a cross-border payments service provider, has inked a deal with Commercial Bank of Ceylon to provide local payment capability into Sri Lanka.
The deal is part of Earthport’s Asian expansion strategy, with similar money transfer partnerships already secured in Pakistan and India.
Sajeev Viswanathan, president, global strategy at Earthport, says the tie-up with Commercial Bank of Ceylon is “the fulfilment of the company’s vision to become a global payment utility”.
Pradeep Banduwansa, chief manager, remittances, Commercial Bank of Ceylon, comments that from the bank’s point of view, the venture is an “example of ways to improve services to its customers”.
Earthport says it “enables clients to access fast, secure and cost effective payments to over 60 countries globally, through a single contract, technical integration and service relationship”.
Earlier this year, Earthport also teamed up with Ria Money Transfer, the world’s third largest money transfer company.
