Payment services company, Earthport has announced its collaboration with BRAC Saajan Exchange Ltd (BRAC Saajan), the payments arm of BRAC Bank Ltd to provide cross-border payment services to Bangladesh.
Under the partnership, Bangladesh will be able to access cross-border payments through Earthport’s payment network. Cross-border instant payments create a much more seamless payment experience, with a platform that simplifies the payment infrastructure, allowing secure management of international transactions.
Hank Uberoi, CEO of Earthport, said:”Earthport’s strategic partnership with BRAC Saajan Exchange enables us to deliver increased efficiencies, reliability and transparency to cross-border payments into Bangladesh.
“We are now well positioned to further support the sustained growth in inbound global payment transactions the region is experiencing and to benefit from the opportunities this presents.”
The venture is Earthpoint’s entry into Bangladesh and its growing payments market.
Abdus Salam, MD & CEO, BRAC Saajan Exchange Ltd, said: “BRAC Saajan always focuses on increasing the reliability and transparency of inward remittances and payments, which play a vital role in the GDP of the country. The partnership with Earthport allows us to serve all Bangladeshi clients and to play a key role in serving the regional payments infrastructure.
“We believe our large, secure distribution network and nativity to the Bangladeshi community complements Earthport’s renowned global payment network and greatly supports the wider needs of Bangladeshis everywhere.”