Earthport PLC Japan Post Bank expands Earthport relationship

TIDMEPO

Earthport PLC

20 March 2018

Earthport Plc

("Earthport" or the "Company")

Japan Post Bank, the major Japanese bank, expands relationship with Earthport

Earthport (AIM: EPO), the leading payment network for cross-border transactions, has significantly expanded its relationship with its existing client Japan Post Bank, the major Japanese bank, to deliver outbound cross-border payment services across a number of additional regions including, North America and Europe.

Japan Post Bank is one of the leading Japanese consumer banks and has an extensive network with branch offices throughout Japan. The expansion of Earthport's service for Japan Post Bank aids the bank's mission to become "the most accessible and trustworthy bank in Japan" and to offer its clients greater capabilities in high volumes of low-value cross-border payments. The expanded service launched in full in January 2018.

Japan Post Bank's enhanced relationship with Earthport will enable its clients to benefit from reliable international payments with greater global reach through a single network. Earthport has a payment network of over 67 countries and enables some of the world's largest financial institutions to seamlessly manage payments across the world. The relationship with Japan Post Bank highlights Earthport's strength in outbound payments.

Masahiro Murashima, Senior Managing Executive Officer of Japan Post Bank said: "At Japan Post Bank, since January 2018 we began handling international remittances on the web and expanding the remittance destination mediated by Earthport to more countries and it is now possible to make full remittance to the payee account without deducting the intermediate fee. We are very pleased that strengthening the relationship with the Earthport team will lead to an improvement in convenience for our customers and an expected increase in the volume of transactions."

Phil Hickman, interim CEO of Earthport, commented: "We are thrilled to extend our services with Japan Post Bank, which has been a client of Earthport's for two years. The extension of our service offering to the bank is testimony to the excellent service Earthport provides, and the capabilities we offer our clients and their end-users. We look forward to developing our partnership with Japan Post Bank and supporting the next stage of their growth."

ENDS

Notes to editors

For further information, please contact:

Newgate

Andrew Adie/Sara Neidle/Jessica Hodson Walker 0207 680 6538

earthport@newgatecomms.com

About Earthport

Earthport provides cross-border payment services to banks and businesses. Through a single relationship with Earthport, clients can seamlessly manage payments to almost any bank account in the world, reducing costs and complexity to meet their customers' evolving expectations of price, speed and transparency.

Earthport offers clients access to global payment capability in 200+ countries and territories, with local ACH options in 65+ countries and an evolving suite of currencies and settlement options.

Earthport continues to invest in the establishment of in-country bank partnerships across the world, bringing together its deep market and regulatory expertise in order to maintain compliant and commercially competitive services.

The result - a global payments network accessed via a single relationship, delivering significant cost and operating efficiencies for banks and businesses servicing high volumes of lower value payments.

Headquartered in London with regional offices in New York, Dubai, Miami and Singapore, Earthport is a public company, traded on the London Stock Exchange (AIM: EPO) with an institutional investor base including World Bank IFC, Oppenheimer, Blackrock and Henderson.

Please visit www.earthport.com for more information.

About Japan Post Bank

Japan Post Bank Co., Ltd. was established in October 2007 as a member of the Japan Post Group through privatization and spin-off of Japan Post and was listed on the First Section of the Tokyo Stock Exchange in November 2015.

Japan Post Bank's ordinary income for the fiscal year ended March 31, 2017 report was Yen 442 billion.

At Japan Post Bank, we aim to provide customers with high-quality financial services as one axis to further enhance corporate value. Through nationwide popular post office network (approximately 24,000 sites), in addition to services such as savings and remittances that have been used for many customers of about 100 million accounts, with "support for asset formation" and " improvement of convenience for settlement service ", etc., we will actively respond to a wide range of customer's needs.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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