Tagged: banking circle

XTransfer, the B2B Cross-Border Trade Payments Platform, Teams Up with Banking Circle

XTransfer, the B2B cross-border trade payment platform, and Banking Circle, the tech-driven payments bank, have entered into a partnership. This collaboration aims to reduce “the cost and processing time of cross-border payments for XTransfer’s clients, particularly benefiting Chinese suppliers with significant markets in Europe and… Read More

Banking Circle Assists Small Banks with Complying with European Union SEPA Instant Mandate

With less than 8 months until 9th January 2025 deadline, Banking Circle delivers plug and play solution to help smaller financial institutions On 7th February 2024 the European Parliament mandated “that instant payments (in less than 10 seconds) should be the de facto standard for… Read More

Banking Circle, Ant Group to Explore Tokenized Deposit Innovations

Banking Circle S.A. announced a partnership with Ant Group to work on a pioneering liquidity management project, “exploring technology innovations on tokenized deposits which will improve efficiency and speed of global fund settlements.” Banking Circle infrastructure and the blockchain platform “developed by Ant Group will… Read More

Banking Circle Joins Spanish Association of Fintech and Insurtech (AEFI)

Banking Circle, the Payments Bank for the new economy, is strengthening its presence in Spain “with membership of the Spanish Association of Fintech & Insurtech (AEFI).” A modern correspondent bank committed to building a local clearing network for all major currencies, Banking Circle says that… Read More

Emmanuel Georges, Banking Circle’s Head of France, Explains How Fintech Firm Is Powering Global Payments

Emmanuel Georges, Banking Circle’s Head of France, recently explained how the payments bank is “powering the payments propositions of businesses around the world.” Emmanuel explained that Banking Circle is a payments bank “meeting the global banking and payments needs of Payments businesses, Banks and corporates”… Read More

Banking Circle Now Live with Direct GBP on Faster Payments

Underpinning its ambitious plans to build a super-correspondent bank for global B2B payments, Banking Circle has joined the UK Faster Payments Service (FPS) as a Direct Participant for GBP. This latest initiative means clients now “have access to real-time direct clearing and settlement for both… Read More

Payment Service Providers Aren’t Going Far Enough to Support Shift to E-Commerce: Report

A new insight report – The perfect payment partner? What merchants are looking for from their PSPs – from Banking Circle, the next generation technology-led Payments Bank, suggests that the services currently “offered by Payment Service Providers aren’t going far enough to support the shift… Read More

Banking Circle Announces Appointment of Jim Hagemann Snabe to Group’s Advisory Board

Banking Circle Group is pleased to announce that Jim Snabe will become the Chairperson of its Advisory Board. Jim Snabe will work closely with Banking Circle Group CEO & Co- founder, Anders la Cour, and the majority shareholder EQT VIII, “to continue the rapid profitable… Read More

Web3 Payments Solution from Banking Circle Enables Asset-backed Stablecoin Settlements

With Banking Circle’s web3 payments solution, payments businesses and banks can process asset-backed stablecoin settlements “in the same way as fiat currencies, providing their customers with faster settlement and lower fees outside of traditional bank rails.” Banking Circle‘s USDC stablecoins solution can be “utilized for… Read More

Banking Circle Is Reportedly Settling Over 10% of Europe’s B2C E-Commerce Flow

Banking Circle S.A. is set to help US payments providers expand out of the domestic market with low-cost and fast cross-border payments across 25 currencies. Underlining the momentum it has gained as an alternative to correspondent banking for cross-border payments, Banking Circle S.A. is “forecasting… Read More

Joompay Reaches 250,000 Users, Engages Banking Circle for Ongoing Growth

Joompay, a pan-European fintech start-up, celebrates the milestone of 250,000 accounts. Users can open an account online in “a manner of minutes, get a Visa payment card and immediately start saving on their purchases with select merchants, such as Joom Marketplace.” Joompay sees that among… Read More

Cross Border Payments Still Costly and Slow, Remain Major Pain Point, Report Reveals

For businesses operating in different jurisdictions, the cost and delays associated with FX and cross-border payments “remain a major pain point,” according to an update from Banking Circle. Banking Circle‘s study into SME attitudes to banking services “revealed that 42% of respondents thought their bank’s… Read More

Banking Circle to Put USDC Stablecoins onto its Payment Rails

Banking Circle, the tech-first payments bank, is shifting the dial in the virtual assets market with a new service for banks and payments businesses. By adding USDC stablecoins to its payment rails for payment acceptance, processing and settlement, Banking Circle is “delivering an easy to… Read More

Payset Selects Banking Circle for Cost-Efficient International Payments

Online payments platform, Payset, is utilizing bank accounts from Banking Circle to offer fast, “low-cost” global payments. Providing customers with multi-currency accounts, pre-paid cards and currency exchange services, Payset helps businesses “hold, exchange and move money around the world quickly, effortlessly, and affordably.” Working with… Read More

European Fintech Banking Circle Increases Flexibility with New Payment Solutions

Banking Circle, the tech-led B2B payments bank, has further simplified B2B payments by adding Dynamic Sender Name to the suite of solutions “available to payments businesses.” Delivering a consultative approach to ensure Payments businesses have access to the best payment solution for each customer use… Read More

Banking Circle Now Supports Bluecode, TWINT Enabling Interoperability between National Mobile Payment Systems

The German-Austrian Bluecode and the Swiss TWINT are the first mobile payment systems to become “interoperable with one another.” Interoperability of said two systems “is based on the specifications of EMPSA (European Mobile Payments System Association).” TWINT and Bluecode interoperability has already “been running since… Read More

Banking Circle Ecosystem Addresses “Rebundling” of Financial Services

Money20/20 Europe will see the “convergence of complementary financial services” applications in the Banking Circle ecosystem. A technology-agnostic platform underpinned by an account infrastructure from which a range of financial services can be delivered, the Banking Circle ecosystem will “enable financial institutions to accelerate the… Read More

Payments Fintech Banking Circle Maintains Steady Growth Trajectory

Banking Circle, the Payments Bank for the “new economy,” is reporting a “significant” uplift in its performance in 2021 as it continues “to help Payments businesses, Banks and Marketplaces access global cross-border payments, accounts and liquidity management that enables their business customers to transact more… Read More

Banking Circle Gives Payments Firms Strategic Advantage to Support Sellers Focused on Polish Market

Banking Circle, the “tech-first” Payments Bank focused on enabling “fast” and “low-cost” payments, has expanded its payment provision for Poland “with the addition of local Polish Virtual IBAN accounts for collections.” This means PSPs supporting businesses serving the Polish market can now “provide unlimited Virtual… Read More

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