PAYMASTER24 BOOSTS SPEED OF PAYMENT AND RANGE OF CURRENCIES

Share this post

Banking Circle B2B payments platform adds value to innovative cross border PSP proposition

Full-service Payment Service Provider (PSP) of local e-payment solutions, Paymaster24, has selected Banking Circle to enhance its service proposition for merchants.  Crucially, the partnership with Banking Circle will help Paymaster24 speed up payments and offer additional currencies to its merchant customers.

Paymaster24 is a global, multi-channel payment gateway providing online businesses of all sizes with a single solution for collecting and distributing local payments globally via multiple payment channels: credit and debit cards, online and offline bank transfers, e-wallets, pre-paid cards and other alternative payment methods. Working with Banking Circle and utilising the licenced bank’s B2B payments platform for SPayments Association and cross border transfers, the innovative PSP is improving the customer experience by simplifying and streamlining cross border payments.

“Working with Banking Circle enables us to rapidly expand the Paymaster24 banking network,” commented Avet Mnatsakanyan, Managing Director of Paymaster24. “We can send and receive cross border payments to and from our merchant customers worldwide much more quickly and at lower cost.

“Importantly, Banking Circle’s reputation and robust security made it the best partner to help us add value to our offering and provide our merchants with the most efficient and cost-effective cross border payment solution.”

Banking Circle’s purpose-built, cloud-first, cross border payments platform delivers greater speed and functionality, and a more intuitive user experience for PSPs, FinTechs and Banks which, in turn, enhances the proposition for their customers. The innovative platform delivers best-in-class payment processing times and gives clients real-time insight on the status of their payments.

Anders la Cour, co-founder and Chief Executive Officer of Banking Circle added: “As a technology led bank, Banking Circle is wholly focused on delivering a payments solution that will enhance the customer propositions of financial institutions like Paymaster24 by streamlining the payments proposition and breaking down barriers to international trade.

“Paymaster24 shares our vision for increasing accessibility of cross border payments to help merchants increase their international market share. Enabling merchants to offer their customers the ability to pay with their preferred payment method and in a local currency is a significant step in this journey. We look forward to working closely with Paymaster24 to continue developing bespoke solutions to meet the needs of their customers and add value to their proposition.”

 

About Banking Circle

Banking Circle is a financial infrastructure provider to Payments businesses and Banks. As a fully licensed bank, free of legacy systems, Banking Circle technology enables payments companies and banks of any scale to seize opportunities in the new economy – quickly, at low cost and in line with high standards of compliance and security – with direct access to clearing that bypasses old, bureaucratic and expensive systems.

Banking Circle solutions are increasing financial inclusion. From accounts to lending, international payments to settlements and FX to compliance, Banking Circle technology is helping thousands of businesses transact across borders in a way that was previously not possible.

Banking Circle is owned by EQT VIII and EQT Ventures in partnership with Banking Circle’s founders. Headquartered in Luxembourg, Banking Circle has offices in London, Munich, Amsterdam and Copenhagen.

More To Explore

Membership

Merchant Community Membership

Are you a member of The Payments Association?

Member benefits include free tickets, discounts to more tickets, elevated brand visibility and more. Sign in to book tickets and find out more.

Welcome

Log in to access complimentary passes or discounts and access exclusive content as part of your membership. An auto-login link will be sent directly to your email.

Having trouble signing?

We use an auto-login link to ensure optimum security for your members hub. Simply enter your professional work e-mail address into the input area and you’ll receive a link to directly access your account.

First things first

Have you set up your Member account yet? If not, click here to do so.

Still not receiving your auto-login link?

Instead of using passwords, we e-mail you a link to log in to the site. This allows us to automatically verify you and apply member benefits based on your e-mail domain name.

Please click the button below which relates to the issue you’re having.

I didn't receive an e-mail

Tip: Check your spam

Sometimes our e-mails end up in spam. Make sure to check your spam folder for e-mails from The Payments Association

Tip: Check “other” tabs

Most modern e-mail clients now separate e-mails into different tabs. For example, Outlook has an “Other” tab, and Gmail has tabs for different types of e-mails, such as promotional.

Tip: Click the link within 60 minutes

For security reasons the link will expire after 60 minutes. Try submitting the login form again and wait a few seconds for the e-mail to arrive.

Tip: Only click once

The link will only work one time – once it’s been clicked, the link won’t log you in again. Instead, you’ll need to go back to the login screen and generate a new link.

Tip: Delete old login e-mails

Make sure you’re clicking the link on the most recent e-mail that’s been sent to you. We recommend deleting the e-mail once you’ve clicked the link.

Tip: Check your security policies

Some security systems will automatically click on links in e-mails to check for phishing, malware, viruses and other malicious threats. If these have been clicked, it won’t work when you try to click on the link.

Need to change your e-mail address?

For security reasons, e-mail address changes can only be complete by your Member Engagement Manager. Please contact the team directly for further help.

Still got a question?