Local payments

Access Local Payment Capability

Through the Banking Circle, you can have a single touchpoint to access multiple domestic markets.

The local payout capability reduces the high cost of transactions currently incurred through correspondent banking and landing fees, ensuring the beneficiary receives the full amount.

SWIFT payment processing can be costly and time-consuming. And, in most cases, fees from the correspondent banks handling the payment are taken directly from the funds being transferred, meaning the beneficiary does not receive the full amount.

Local payouts via Banking Circle gives members the ability to settle multiple currencies locally without needing to set up local banking relationships in each jurisdiction.

Today, Banking Circle can make payments via the local clearing schemes in the following currencies:

CurrencyCountrySettlement Cycle
CHFSwitzerlandSame Day
CZKCzech RepublicSame Day
DKKDenmarkSame Day
EUREurozoneSame Day
GBPUnited KingdomSame Day
HRKCroatiaSame Day
HUFHungarySame Day
NOKNorwaySame Day
RONRomaniaSame Day
SGDSingaporeNext Day
SEKSwedenSame Day
Other Solutions

Banking Circle Members can access a global IBAN account infrastructure, through a platform from which they can trade forex and make international payments.

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Lack of access to funds to keep cash flowing can hold back business growth. Banking Circle provides fast access to cash with flexible repayment options.

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Banking Circle provides a range of offerings to meet the payments needs of banks, payment service providers, FinTechs, and their customers.

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Get in touch

Email us at info@bankingcircle.com and one of our team will be in touch shortly.