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London, 28th September 2017 – Industry-leading financial utility, Saxo Payments Banking Circle, has become the Benefactor of a major new project being spearheaded by the The Payments Association. Designed to support the growth of early stage FinTech companies around the world, Project International Trade is set to encourage trade between Payments Association members and non-EU target markets in the payments industry. The project has been endorsed by Foreign Secretary, Boris Johnson, for its accomplishments in supporting and promoting international trade.
The strategy of Project International Trade is to develop links between UK payment companies and political institutions and financial services organisations in Latin America, Far East Asia, Central & Eastern Europe and southern Africa. Project International Trade delivers this through a programme of education, creating international trade channels, and engaging with UK and international governmental bodies and embassies. To date, it has led a delegation of UK PayTech companies to China to meet potential investors including the elite of Beijing’s Silicon Valley. In addition, it has spearheaded trade missions to Mexico and Serbia, including hosting a conference in Belgrade – funded by the Department for International Trade (DIT) and ERDF’s Global Growth Project.
Project International will be launching member associations, similar to the Payments Association, in both Eastern Europe and Africa which will deliver a portfolio of events, lobbying activities, and projects. Project International Trade will also provide a match-making service to connect Payments Association members with payments service users internationally. The project will also deliver webinars on payments topics relevant to specific markets and develop stronger ties with government agencies focused on the development of UK entities within emerging markets.
Project International Trade will focus on stimulating the adoption of new payments products and services in emerging markets facilitated by the Banking Circle platform, which has become firmly established as a solution to the cost and time barriers of cross-border payments. As a Benefactor, Saxo Payments Banking Circle will help deliver a FinTech Regulation Helpline service to help FinTechs navigate new payments-related regulations. And to provide the essential support for start-ups, Saxo Payments Banking Circle will provide a special rate for international fund transfers for Payments Association Fintech ScaleUp Members.
“We are at a crossroads in terms of the growth of the emerging payments sector and it’s crucial that everything is done to help businesses that want to enter this marketplace”, explained Anders la Cour, Chief Executive Officer of Saxo Payments Banking Circle. “By becoming the Benefactor of Project International Trade, I believe Saxo Payments Banking Circle can play a crucial role in empowering businesses to trade cross-border without barriers.”
About The Payments Association
The Payments Association connects the payments eco-system, 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.
- Targeted events
- Award ceremonies
- Critical industry projects
- Lobbying activities
The Payments Association is over 120 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.
For further information, please contact:
Asmus Neergaard/Catharina Hartmans
T: 020 7378 9890
About Saxo Payments
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. Saxo Payments A/S is a specialist in forex and payments.
Registered as a payment institution in the European Union, Saxo Payments specialises in providing global payment account transactions and foreign exchange services to payment providers, including acquirers, payment service providers, FX brokers, money transfer businesses, e-wallets, and alternative payment providers.
For further information and interviews please contact the Saxo Payments Press Office:
Wendy Harrison/Parm Heer – Harrison Sadler
T: 0208 977 9132