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Fintech 'game-changer' partners with FX4BIZ to support SME payments abroad

Financial services organisation Earthport has entered into an agreement with Belgian corporate Forex provider FX4BIZ to support its global expansion.

London-headquartered Earthport, which one of Fintech50’s 2015 ‘game-changers’, will provide the European company with access to its global payment engine which is available in over 60 countries.

FX4BIZ, who are licensed by the National Bank of Belgium, provide open-web banking for SMEs; including bank accounts that can be opened in 17 different currencies, a trading room for currency conversion and cross-border payments.

The partnership will see both fintech companies aim for a bigger share of the the global payments industry, which is estimated to be worth over $21trn (£15trn) a year.

Daniel Marovitz, Earthport President Europe, commented: “We are delighted to announce this agreement with FX4BIZ. We have built a global payment network, giving clients easy access to payment options in over 60 markets via a single API.

“We’re proud that Earthport’s payment network enables the continued growth of companies like FX4BIZ.”

Patrick Mollard, FX4BIZ CFO, added: “We have selected Earthport as the leading facilitator of cross-border payments. The company’s highly sophisticated payments network will enable us to develop our offering and to reinforce our international banking network.”

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