London, May 2018 – Saxo Payments Banking Circle continues to dominate the cross border payments sector as a disrupting force, as it’s shortlisted in three categories for the 2018 Paytech Awards.
Set to be announced on 13 July on the Silver Sturgeon yacht in London, the PayTech Awards recognise excellence and innovation in the use of IT in the finance and payment industry worldwide. Saxo Payments Banking Circle’s successful solution, Banking Circle Virtual IBAN is shortlisted in the Best Corporate Payments Initiative and the Top PayTech Innovation categories. Banking Circle is also shortlisted for the PayTech Solution of the Year in the Editor’s Choice Awards 2018.
Banking Circle Virtual IBAN offers businesses multi-currency IBAN accounts for customers in their own name and in multiple jurisdictions. More and more businesses are turning to the innovative service to give them a crucial competitive edge by enhancing their service proposition with access to international business bank accounts.
Unlike traditional business to business cross border payments, which can incur high bank charges and payment delays, by being a member of Banking Circle, businesses can enjoy the benefits of fast, affordable international payments.
“Banking Circle continues to be an influencing force in the payments sector and we are proud and excited to be honoured in the PayTech Awards”, said Anders la Cour, Chief Executive Officer. “These latest shortlistings recognise the impact our services are having, delivering cross border payment capabilities to more businesses than ever.”