Visa Direct Leverages Banking Circle API for Seamless Global Payment Solutions
Banking Circle S.A. has recently forged a significant partnership with Visa, aimed at revolutionizing the efficiency of cross-border payments. This strategic collaboration will enable Visa Direct, a prominent global digital payments platform, to leverage Banking Circle’s extensive local clearing rails across the globe.
Enhancing Cross-Border Payment Solutions
With this partnership, Visa Direct, recognized as one of the leading digital payment networks, will facilitate seamless transactions between various cards, currencies, and markets. The agreement allows Visa Direct to utilize Banking Circle’s streamlined single API for accessing multiple local clearing options through a unified integration.
Statements from Leadership
Laust Bertelsen, CEO of Banking Circle, emphasized the importance of this partnership, stating, “Our collaboration with Visa Direct marks a crucial milestone in our mission to enhance speed, efficiency, and reduce costs associated with cross-border transactions.” He further noted that partnering with a major player like Visa Direct validates Banking Circle’s capabilities and underscores the reliability of their API.
Sandeep Gupta, Visa Direct’s global head of network, expressed enthusiasm about the partnership, stating, “Visa Direct is at the forefront of transforming money movement, serving as a single point of entry for all our solutions and capabilities. We are thrilled to partner with Banking Circle and excited to utilize its single API technology, enhancing our service for customers.”
About Banking Circle S.A.
Banking Circle S.A., based in Luxembourg and regulated by the Commission de Surveillance du Secteur Financier, operates as a fully licensed bank across various jurisdictions, including:
- Denmark
- Sweden
- Germany
- The UK
- Liechtenstein
- Singapore
- Australia
This partnership with Visa highlights Banking Circle’s commitment to providing innovative solutions for international businesses, enabling them to access multiple clearing options through a single, trusted partner.
For more information about Banking Circle and its services, visit their official page here.
