Payset partners with Banking Circle for new payments offer

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Joe Baker
Joe Baker
Senior Copywriter
Joe is a Senior Copywriter working on reports, news and analysis. Previously, he worked as a B2B copywriter, journalist and editor covering a broad range of topics, including technology, transport,… Read more
  • Payset has confirmed that it will collaborate with Banking Circle to create a new offer on the payments front, with the ultimate goal of bringing down the cost of global payments.
  • It will make the most of the bank accounts provided by Banking Circle for this endeavour, and will offer various services such as currency accounts and pre-paid cards.
  • “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,” he explained.

Payset, a payments service working in the online money transfer sector, has announced that it will collaborate with Banking Circle as part of a new push towards cheaper global payments.

Through the partnership, Payset aims to offer customers multi currency accounts, pre-paid cards and currency exchange services.

Payset is focused on building strong connections with commercial clients, and operating across the globe.

Banking Circle will provide Payset with safeguarding accounts it requires for authorisation in the UK and European Economic Area, along with virtual IBAN solutions to enable fast, low-cost global payments.

“We chose Banking Circle for its reliable reputation and solutions that meet our company’s needs,” said Perry Asforis, the chief executive officer of Payset.

“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,” he said.

“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.”

To get more details about what’s going on in the cross-border payments sector, why not take a look at the rest of our website where you can get all the details you need? The reviews pages can be particularly useful, so don’t miss them.


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