Banking Circle S.A. has announced a strategic partnership with Visa to enhance the efficiency and reach of cross-border payments.
This collaboration enables Visa Direct, the global digital payments platform, to access Banking Circle’s local clearing rails worldwide.
Visa Direct is one of the world’s leading digital payment networks, facilitating seamless connections between cards, currencies, and markets. Through this agreement, Visa Direct will utilise Banking Circle’s single API to access multiple local clearing rails via a single integration.
Banking Circle CEO Laust Bertelsen 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.
“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.”
Visa Direct global head of network Sandeep Gupta 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.”
Banking Circle S.A., headquartered in Luxembourg and regulated by the Commission de Surveillance du Secteur Financier, operates as a fully licensed bank across several jurisdictions including Denmark, Sweden, Germany, the UK, Liechtenstein, Singapore, and Australia.
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