Luxembourg-headquartered payments bank Banking Circle has announced a strategic partnership with Visa.

The collaboration will enable Visa Direct to utilise Banking Circle’s international network of local clearing systems, thereby broadening its global payment capabilities.

This new partnership will see Visa Direct integrate with Banking Circle’s single API technology, allowing access to numerous local clearing systems through a secure and unified platform.

Laust Bertelsen, Chief Executive Officer of Banking Circle, said:

“Partnering with a business of Visa Direct’s scale and stature as a payments industry leader reinforces the growth of Banking Circle’s capabilities and highlights the trust in, and significance of our single API. This announcement is yet another example of the ways in which Banking Circle and its partners are helping international businesses with global scale access multiple clearing rails through one trusted partner.”

Sandeep Gupta, Global Head of Network at Visa Direct, added:

“Visa Direct is at the forefront of money movement transformation, being a single point of entry for all solutions and capabilities. We are delighted to partner with Banking Circle and excited to utilise its single API technology, which will allow us to offer an enhanced service for our customers.”

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