Under terms of the agreement, Viamericas will leverage Earthport’s global cross-border payment capabilities to service new routes outside Latin America and the Caribbean.
This will enable Viamericas to expand its customer base internationally and provide more efficient and cost-effective direct-to-bank remittance transfers. 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.
“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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