Banking Circle is continuously strengthening and improving the speed and efficiency of our payment capabilities across Europe and globally to meet our client needs.
We are proud to announce our participation as early adopters of the SEK RIX-Instant scheme bringing real-time payment capabilities to Sweden.
With RIX-INST, Banking Circle enables instant transactions (both collections and payouts with local Swedish accounts/IBANs), helping businesses across Sweden optimise cash flow and transaction speed.
Benefits of RIX-INST for our clients:
- Instant payments which reduces settlement risk
- 24-hour, 365 days a year availability
- Enhanced liquidity for financial institutions
- Future-proofed by meeting the evolving needs of the Nordic market to become instant
With a single API connection to Banking Circle and instant payments on the TIPS platform for both SEK, EUR and soon DKK, Banking Circle delivers seamless operational processes fulfilling the end consumer payment needs.
Stay tuned as we deliver more innovative payment solutions globally, e.g. our upcoming expansion of instant offering in Swiss Franc and Danish Kroner in H1 2025, with more to follow.
If you are exploring instant payment capabilities for the Nordic market, please reach out to us at info@bankingcircle.com
Our team looks forward to hearing from you.