Axis Bank ties up with Earthport

MUMBAI: India's third largest private bank, Axis Bank, has tied up with Earthport Plc, a cross-border payment network, to enable faster outbound cross-border payments for its customers through Earthport’s state-of-the-art global payments network.
Axis Bank has become the first bank in India to connect with Earthport’s global payments network, which spans over 60 countries. The Bank joins a growing number of major banks across the globe that can, through a single connection with Earthport, send payments seamlessly to almost any bank account in the world on behalf of their clients, while delivering a faster, more efficient and cost-effective service.

This agreement also marks Earthport’s entry into India, the world’s fastest growing major economy in line with its strategy to become the preferred provider of cross-border payment services to major banks, financial institutions, ecommerce companies and other payment aggregators globally.

"Through this strategic partnership with Earthport, we shall offer our customers faster remittances with complete transparency on the final amount and time taken to credit beneficiaries overseas with real-time end-to-end tracking," said Sidharth Rath, Group Executive, Corporate Banking, Axis Bank.