Banking Circle, the next-generation provider of mission-critical financial services infrastructure, has pledged to continue its support of the payments community by renewing its Benefactor status of the The Payments Association’s Project International Trade for another year.
London, United Kingdom – The Payments Association are excited to announce that Banking Circle has renewed its support for a further 12 months as a Benefactor of Project International Trade. This continued commitment means Banking Circle will be helping the Payments Association to promote the growth of the UK payments industry globally as it offers expertise, innovation and education – from product to regulation – and creates routes to market for Payments Association members.
Project International Trade has spearheaded trade missions for Payments Association members around the world, including China, Australia, New Zealand, Mexico, and Serbia. As a result it has given Payments Association members access to new market knowledge, platforms to raise their profile, and the opportunity to develop strong business ties in nascent and growing markets.
The project has received government endorsement since its inception and has built strong ties with key UK government bodies, including the Department for International Trade and HM Treasury, as well as international entities. It has also facilitated the launch of partner associations in new markets; replicating the Payments Association’s community-led and delivery-focused model to create global interconnections for the payments ecosystem. Both Payments Association CEE and Payments Association Africa, driven by industry frontrunners in these markets, seek to encourage FinTech and payments growth within their respective regions and to garner industry collaboration across the value chain.
A particular Project International Trade initiative launched in the last year and supported by Banking Circle is the FinTech Regulation Helpline. This is helping FinTechs to navigate through new and complex payments-related regulations in order to avoid the pitfalls and risks of non-compliance. Banking Circle has also supported the Payments Association ScaleUp scheme which is designed to enable the growth of early-stage FinTechs. Tailored exclusively for these businesses to accelerate their growth, the ScaleUp scheme provides access to the Payments Association’s network of payments prospects, partners and suppliers at a subsidised membership rate for the first two years.
Payments Association Project Manager, Thomas Connelly said: “While the UK payments industry may be approaching a time of Brexit-imposed uncertainty, it can continue to be on the forefront of innovative change by grasping the opportunities offered in new markets. Through collective activity and government support and engagement, Project International Trade can ensure that UK PayTech can continue to thrive and educate new markets on what good looks like.
“We are delighted that Banking Circle is continuing its support of the Project, helping to ensure the continued growth of the UK payments industry globally by connecting the international payments ecosystem.”
Anders la Cour, CEO of Banking Circle added: “The last 12 months have been formative in the continuing evolution of the emerging payments sector, and the Payments Association’s Project International Trade is playing a crucial role in empowering FinTechs and PayTechs to operate cross border. We are, therefore, tremendously excited to continue our relationship with the Payments Association as a Benefactor of Project International Trade. It’s vital that as much as possible is done to empower the new generation of disruptors, so that global trade can happen without barriers.”
For further details on Project International Trade, follow this link: https:// www.emergingpayments.org/portfolio/project-international-trade/
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About the The Payments Association
The Payments Association connects the payments ecosystem, encourages innovation and drives profitable business growth. Our goals are to strengthen and expand the payments industry to benefit all stakeholders.
We achieve this by shaping a comprehensive programme of activities for our members with help from an independent board, which addresses key issues impacting the industry.
These include:
The Payments Association is over 130 members strong and growing. Our members come from across the payments value chain; including payments schemes, banks and issuers, merchant acquirers, PSPs, retailers, and more. These companies have come together, from across the UK and internationally, to join our association, collaborate, and speak with a unified voice.
Want to find out more about membership?
Get in touch with Keri to find out more about becoming a member: keri.farrell@emergingpayments.org
About Banking Circle
In 2013 Saxo Bank formed a new entity, Saxo Payments A/S, with the purpose of using Saxo Bank’s core capabilities within the non-cash payments market. In October 2015 the company launched the Banking Circle – its groundbreaking product for payments and FX to the Financial Tech industry. In October 2017, the company launched its new identity for the Banking Circle, to reflect its position as a financial utility within core banking.
Domiciled in the European Union, Saxo Payments specialises in providing global payment account transactions and foreign exchange services to financial institutions, including FinTechs, banks, acquirers, payment service providers, FX brokers, money transfer businesses, e-wallets, and alternative payment providers. Saxo Payments is a Saxo Group company.
For further information and interviews please contact the Banking Circle Press Office:
Wendy Harrison/Lucy Wright – Harrison Sadler
T: 0208 977 9132
E: bankingcircle@harrisonsadler.com
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