Earthport North America, part of British payments company Earthport, has obtained a New York State money transmitter licence.
The authorisation, which has been backdated to be effective since last month, will enable the firm to send and receive money from New York State to any location across the world.
The move will support wire transfers, foreign currency dealing and / or exchanging, bill paying as well as other money transfer methods.
Earthport US general counsel Marta Ramirez said: “Multi-State Licensing is a requirement to fully service the US market, and the New York State licence is a key step in fulfilling our strategic ambitions in the US.”
Earthport interim CEO Phil Hickman added: “The award of our New York State money transmitter licence marks a significant achievement for Earthport, with it we are able to meaningfully expand our offering into the United States, and develop new commercial opportunities.”