Earthport, a UK-based payment network for cross-border transactions, has collaborated with Commercial Bank of Ceylon to provide local payment capability into Sri Lanka.
The deal will see Commercial Bank of Ceylon utilise Earthport’s global payment engine which is available in over 60 countries.
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Earthport enables clients to access secure and cost effective payments through a single contract, technical integration and service relationship.
Earthport president of global strategy Sajeev Viswanathan said: "We are delighted to be partnering with Commercial Bank of Ceylon to extend our payment network into Sri Lanka. This marks a significant milestone in the continued expansion of Earthport’s Asia footprint and the fulfilment of our vision to become a global payment utility."
Commercial Bank of Ceylon chief manager – remittances Pradeep Banduwansa commented: "Commercial Bank has over 45 years of unparalleled growth and achievement in Sri Lanka. We are always looking for ways to improve services to our customers around the world, and today’s partnership with Earthport Plc is just one example of the work we are doing."
The two entities did not disclose any financial details on the agreement.
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