Payments Bank wins two awards at industry showcase event
London, 14th November 2022 – Underlining its continued focus on innovation for the payments sector, Banking Circle has been named Best Cross-Border Payments Infrastructure Provider of the Year and B2B Payments Innovation of the Year at the 2022 Payments Awards.
Recognising payments excellence and innovation, and organised by FStech and Retail Systems, the awards are now in their tenth year. The ceremony at London’s Marriott Hotel on 10th November was attended by the great and the good in the payments space and celebrated the ground-breaking initiatives being led by the sector.
The innovative tech-led payments bank, Banking Circle delivers valuable solutions for Payments businesses and Banks. It has built a real-time clearing and settlement network for 24 currencies that delivers fast, low-cost payments – with no hidden fees for the beneficiary and has recently announced significant growth. Now serving over 250 financial institutions across the globe, the Luxembourg licensed bank is now settling more than 10% of Europe’s B2C e-commerce flow.
Commenting on the wins at the Payments Awards, Laust Bertelsen, CEO of the bank said: “We launched Banking Circle to challenge the accepted norm of slow and expensive cross-border B2B payments and deliver a sustainable and accessible solution. Our innovative approach is demonstrated across the business, and it is hugely encouraging to see the expertise and hard work of our teams receive recognition in these wins.”