Banking Circle S.A., the technology-led payments bank, announced a strategic partnership with Visa, a global leader in digital payments.
The partnership provides Visa Direct with access “to Banking Circle’s extensive local clearing rails across the world, further strengthening the business’s global payment reach for its customers.”
Visa Direct is one of “the largest digital payment networks – connecting cards, currencies and markets across the globe.”
Through this new partnership, Visa Direct will “leverage Banking Circle’s single API technology to gain access to multiple direct and local clearing rails via a single, secure, and trusted provider.”
Laust Bertelsen, CEO, Banking Circle S.A. said:
“Our partnership with Visa Direct represents an important milestone in our firm’s mission to increase speed, efficiency and reduce costs associated with cross-border transactions.”
They added:
“Partnering with a business of Visa Direct’s scale and stature as a payments industry leader reinforces the growth of Banking Circle’s capabilities and highlights the trust in, and significance of our single API. This announcement is yet another example of the ways in which Banking Circle and its partners are helping international businesses with global scale access multiple clearing rails through one trusted partner.”
Sandeep Gupta, Global Head of Network, Visa Direct, added:
“Visa Direct is at the forefront of money movement transformation, being a single point of entry for all solutions and capabilities. We are delighted to partner with Banking Circle and excited to utilise its single API technology, which will allow us to offer an enhanced service for our customers.”
As covered last year, Wirex, a Web3 money app, is pleased to announce a global alliance with Banking Circle, a provider of innovative banking services.
This collaboration is expected to significantly enhance Wirex’s financial operations across the globe, empowering users with seamless banking solutions.
Under the partnership, Banking Circle will aim to provide a range of banking services that are vital to Wirex’s global expansion and the enhancement of its financial ecosystem.
