Banking Circle Selected by Payset for Affordable Global Payments

Banking Circle Selected by Payset for Affordable Global Payments
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Payset a known London-based online payments platform provides a wide range of e-money or digital payment solutions for both companies and individuals. It aims at providing financial services to startups, SMBs (small and medium sized business) to expand their businesses locally and globally.

Payset is using bank accounts from Banking Circle to deliver low-cost and quick global payments. The association will allow consumers access pre-paid cards, multi-currency accounts, and currency exchange services, and with these benefits it helps businesses to hold, exchange, and transfer money across the globe seamlessly, affordably and fastidiously.  

Perry Asforis, CEO, Payset, stated, “We chose Banking Circle for its reliable reputation and solutions that meet our company’s needs. Our customers seek a speedy, reliable service, and Banking Circle enables us to offer faster and lower cost payments than the traditional banking network, in 25 currencies. Payset is growing rapidly, having seen a substantial growth in our clientele of fast-moving start-ups and ambitious entrepreneurs. Banking Circle’s cloud-based payments technology via API means we can update and add to our payments offering quickly and easily to ensure we continue to provide our customers with the best service possible and the efficient and innovative solutions they need.” 

Multi-currency accounts provided by Payset are IBAN accounts, and along with this, it also offers FX solutions and payment to business throughout the world. Banking Circle has been selected by Payset to safeguard accounts the institution needed for authorisation in the EEA, and the UK.

Laust Bertelsen, CEO, Banking Circle, commented, “With its aim of expanding customers’ global reach and reducing the cost and complexity of cross-border payments, Payset shares the same goals as Banking Circle. Launched to resolve the pain points of cross-border payments through traditional banks, Banking Circle is committed to enabling Payments businesses like Payset to provide their customers with accessible cross-border payments through dedicated, multi-currency bank accounts. We are looking forward to working together and developing our partnership to deliver an even greater range of solutions to Payset customers in the future.”

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