
B4B Payments, a leading global pay as you go payments company, has picked Banking Circle to offer payments infrastructure for its company banking providers.
As a leader in FinTech and pay as you go enterprise payments and voted the Greatest Prepaid Product of the Yr in 2019, the new partnership with Banking Circle will allow B4B Payments to give revolutionary, adaptable, and time-conserving alternatives that streamline and get rid of antiquated finance and accounting procedures. Originally Banking Circle will offer virtual IBAN accounts for B4B shoppers as perfectly as safeguarding companies.
Banking Circle Digital IBAN presents money establishments this sort of as B4B the capability to challenge digital IBANs in their customers’ names in a way that standard banking companies would just not facilitate owing to hazard and legacy programs limitations. It is a authentic activity-changer for the payments marketplace.
The foreseeable future eyesight of the two companies’ collaboration involves utilising Banking Circle’s multi-forex accounts, SEPA and SWIFT transactions methods and overseas trade (Fx) abilities. By building payments ‘feel local’, Banking Circle will be getting rid of the want for B4B to have a physical presence in each and every state in which its prospects run, however provide payment fees comparable to individuals of local banks in the region.
B4B CEO and co-founder, Paul Swinton explained, “Banking Circle is shifting the dynamics of the global payments ecosystem. It is doing the large lifting for firms like ours by creating a super-correspondent banking network that will deliver quickly and charge-helpful solutions for our purchasers. We thus see our partnership as integral to our formidable development ideas.”
Anders la Cour, co-founder and Chief Govt Officer of Banking Circle extra: “The various shopper foundation of B4B involves adaptability and adaptability to serve their demands and we are delighted to be in a position to give payments infrastructure to underpin that service. Our mission at Banking Circle is to deal with the legacy of higher price and sluggish international payments and B4B is yet another company that has noticed the worth we can incorporate to their proposition.”
