B4B Payments selects Banking Circle for company accounts and clients’ funds safeguarding expert services

B4B Payments, a foremost world-wide prepaid payments provider, has picked Banking Circle to present payments infrastructure for its corporate banking companies.
As a chief in FinTech and pay as you go business payments and voted the Very best Pay as you go Solution of the 12 months in 2019, the new partnership with Banking Circle will empower B4B Payments to offer innovative, adaptable, and time-conserving remedies that streamline and eliminate antiquated finance and accounting procedures. To begin with Banking Circle will deliver virtual IBAN accounts for B4B shoppers as effectively as safeguarding companies.
Banking Circle Digital IBAN gives monetary establishments these as B4B the means to challenge digital IBANs in their customers’ names in a way that regular banking institutions would simply just not aid owing to chance and legacy methods limits. It is a real video game-changer for the payments market.
The long run eyesight of the two companies’ collaboration incorporates utilising Banking Circle’s multi-currency accounts, SEPA and SWIFT transactions answers and foreign trade (Forex) capabilities. By earning payments ‘feel local’, Banking Circle will be taking away the have to have for B4B to have a bodily presence in each region in which its shoppers function, yet supply payment expenses comparable to people of nearby banking companies in the location.
B4B CEO and co-founder, Paul Swinton claimed, “Banking Circle is altering the dynamics of the world wide payments ecosystem. It is carrying out the significant lifting for enterprises like ours by setting up a tremendous-correspondent banking community that will deliver fast and charge-efficient options for our shoppers. We for that reason see our partnership as integral to our bold growth programs.”
Anders la Cour, co-founder and Main Govt Officer of Banking Circle included: “The varied client foundation of B4B necessitates flexibility and adaptability to provide their demands and we are delighted to be able to deliver payments infrastructure to underpin that services. Our mission at Banking Circle is to tackle the legacy of higher price and sluggish international payments and B4B is an additional small business that has viewed the value we can increase to their proposition.”
