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UK based EMI myPOS Europe Ltd sees significant benefits in cross-border payment volumes following integration with Banking Circle

London, 27th June 2022 – Payment solutions provider, myPOS Europe, has selected Payments Bank, Banking Circle, to enhance its cross-border payment solutions. Central to the new partnership was the innovative approach Banking Circle has taken to cut out cost and delay in cross-border payments.

Today Banking Circle processes most of myPOS Europe’s payment volumes and underlining the success of the partnership, six months since the integration with Banking Circle, myPOS has seen significant benefits in its cross-border payments volumes

“As a tech-led Payments Bank at the forefront of financial services digitalisation, Banking Circle shares our mission of simplifying payments,” explained Stephane Pilloy, Chief Executive Officer, myPOS Europe Limited. “The new partnership enables us to give our customers a more efficient and cost-effective payment solution that is fit for purpose in the digital economy.

“We believe our future success will be based on building alliances with partners that can help us enhance our own proposition. Banking Circle has taken a true partnership approach, fitting us into their roadmap of future developments and making it easy to interact and communicate at all stages.”

The myPOS platform gives micro businesses and SMEs everything they need to accept payments and manage various aspects of their business, including selling remotely, speeding up cash flow and using e-commerce. Business owners receive a free multicurrency merchant account, a business card, modern tools and one powerful platform to help them sell anywhere.

Laust Bertelsen, CEO of Banking Circle added: “Like Banking Circle, myPOS is on a mission to use technology to resolve payment pain points for businesses so that they can reach their full potential. Working with Banking Circle allows myPOS to offer local payments through our modern simple API integration. Removing intermediaries simplifies and streamlines the payment process, bringing down the costs and time often incurred with traditional banks.

“We are delighted to be working with such an innovative business and look forward to developing our partnership in future.”

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