Equals Group Signs B2B Payments Agreement with HomeSend

Equals Group, a UK-based low-cost payment services provider, announced today that it has commenced a new B2B relationship with HomeSend, a global leader in cross-border payments. Under the companies' agreement, Equals will bolster HomeSend activities in the UK, further enabling customers to send money to UK bank accounts in real time and with upfront transparency of all associated fees.

HomeSend is the first large-scale B2B partner of Equals to utilise its 'Directly Connected Direct Settling' participation status with the Faster Payments service to make UK payments at scale. The agreement highlights Equals' B2B2B/C capabilities in facilitating other financial institutions needs via its robust, scalable and efficient platform. 

Ian Strafford-Taylor, CEO of Equals, said: "During the past two years, we have been investing in building products and connectivity to payments networks in order to support our B2B offering. We are now seeing the tangible results of that investment both directly to our own customers and by using this infrastructure to address the needs of other financial services businesses. This agreement with HomeSend is the largest manifestation of this to date and will provide significant incremental scale through our payment systems. ”

Stephen Doyle, CEO of HomeSend, commented: "HomeSend is committed to playing a key role in making cross-border payments simple, secure, and certain. We're delighted to partner with Equals given that establishing direct connections to real-time clearing systems as they become more prevalent is core to our strategy."