PPRO, a London-based payments infrastructure provider has partnered with financial infrastructure provider Banking Circle to enhance the former’s service offering by supporting payment service providers (PSPs) working with cross border e-commerce merchants.

With this partnership, PPRO is capitalising on the benefits of Banking Circle’s real-time payments proposition for PSPs.

PPRO will leverage on Banking Circle’s accounts in multiple currencies to gain access to various local clearing methods in just one solution. This helps PPRO to not only simplify internal processes, but also allows it to receive and make payments faster and cheaper.

PPRO counts the likes of Citi, Elavon, Mastercard Payment Gateway Services, Mollie, PayPal, and Worldpay among its clients.

Dr. Götz Möller, Chief Financial Officer, PPRO said,

“Banking Circle goes to the heart of our proposition. Being able to make real-time settlements to many of our PSP-clients means we can provide reliable and fast services which sets us apart from our competition.”

Anders la Cour, co-founder and Chief Executive Officer of Banking Circle added:

“The financial infrastructure we have built is giving Payment providers like PPRO an important added value, to offer their customers cost-effective payment and settlement solutions with flexibility and security built in. It’s exciting to be working with PPRO at such an important time in its development.”

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