Cross-border payments service provider Earthport has introduced a low value payments service in Turkey as part of its global expansion plan and response to the growing demand for payments in the region.
Turkey is one of the fastest developing trade markets in Europe and also the key player in European trade.
The cross-border payments service, based on domestic clearing, will allow clients to offer competitive corporate and remittance payments products, the service provider said.
Earthport executive director Paul Thomas said, "Our services are underpinned by a global infrastructure which is reliable, resilient, secure and capable of delivering the best possible payments solution to our clients."
"One of the key advantages for our clients is that, once connected to our payments platform, they can easily launch payment services into new regions without incurring significant costs to their business."
Established in 1997, Earthport offers a regulated international payments service that is proven, cost effective, secure and focused on low value cross-border payments.