Banking Circle S.A. Teams Up with Visa Direct to Enhance Global Payment Capabilities

Banking Circle S.A., the next-generation technology-led payments bank, today 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 world’s 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.  “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.” said Laust Bertelsen, CEO, Banking Circle S.A.  “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.”