Payments & Correspondent Banking for Banks

Payments Businesses

Banks

Marketplaces

Fast global payments and virtual accounts for your sellers

API

Connect directly to our payments technology all with best-in-class efficiency, stability, and security

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Client Portal

Instant access to our payments technology via web with no integration needed

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SWIFT

Send and receive funds through our global network of correspondent banks

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Open multi-currency accounts to make and receive cross-border payments via local clearing systems – enabling you to support your customers’ global banking activities.

With coverage across 24 currencies, 11 of which are local, we provide a range of payment options to meet the needs of Banks and their customers.

Collect, pay and manage funds for your customers
Fast, low cost payments
Access global markets without the need for local banking relationships
Wide range of local payout capabilities
Instant payments within the Banking Circle network

Local collections and payments

Access multiple domestic markets through a single access point – without the need for local banking relationships in each jurisdiction.

Features & Benefits

Payouts in 11 currencies via local rails
Banks can access local IBANs which can pay out and receive on local payment rails
Flexible access – make payments via the API, Client Portal or SWIFT
Settle multiple currencies locally
Fast and low cost compared with the traditional correspondent banking network
Speedy settlement with same-day local payments

Cross-border payments

Access low cost, fast payments in 24 currencies via the SWIFT network.

Features & Benefits

Available in 24 currencies
No limit to transaction value
Flexible access – make payments via the API, Client Portal or SWIFT
Low transaction costs and fees for both payer and payee
Eliminate operational errors and admin costs through virtually error-free payments

Virtual Assets

Get into the web3 market without the need for significant IT or financial investment. Our portfolio of asset backed stablecoins gives Banks the ability to facilitate payment acceptance, fiat exchange and settlement of digital assets outside traditional bank rails.

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Features & benefits

Process cryptocurrency settlements in the same way as fiat currencies
Stablecoin funds can be sent easily and with full regulatory compliance
Provide your customers with faster settlement and lower fees than through traditional correspondent banks and networks

SEPA Direct Debit

SEPA Direct Debit for one-off and recurring collections and payments within SEPA can be added to Banking Circle services.

Delivered by Banking Circle’s sister company, SEPAexpress, the SEPA Direct Debit service gives Banks one of the simplest, safest and most convenient Alternative Payment Methods (APMs).

It can be used with any account within SEPA.

Features & benefits

Improve cashflow by reducing the risk of late payment
Lower transaction costs with one of the lowest APM fees
Offer easier payment automation without requiring the account holder’s interaction once the mandate is set up
Provide a flexible refund policy with no dispute within 8 weeks of settlement
Reduce payment reconciliation admin with automated and transparent processing of exceptions (cancellations, reversals and refunds)