Banking Circle teams up with Visa Direct for global payments
0
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
The partnership provides Visa Direct with access to Banking Circle's extensive local clearing rails across the world, further strengthening the business's global payment reach for its customers.
Visa Direct is one of the world's largest digital payment networks – connecting cards, currencies and markets across the globe. Through this new partnership, Visa Direct will leverage Banking Circle's single API technology to gain access to multiple direct and local clearing rails via a single, secure, and trusted provider.
'Our partnership with Visa Direct represents an important milestone in our firm's mission to increase speed, efficiency and reduce costs associated with cross-border transactions.' said Laust Bertelsen, CEO, Banking Circle S.A. '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, 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.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
South Wales Argus
10 minutes ago
- South Wales Argus
Tui cheers profit jump despite pressure from heat waves and Middle East conflict
Bosses at the firm stressed that the group has been boosted by its recent growth strategy. The German-based tour operator saw profits surpass expectations after positive trading from its cruises and experiences operations. The update came a day after the company upgraded its financial forecasts for the current year. Tui Group chief executive Sebastian Ebel said: 'The third quarter and the first nine months of the financial year 2025 were strong. Our strategy is paying off. 'We are benefiting from our integrated and diversified business model and managed to reduce the group's seasonality further. 'All this in a continuing challenging environment for our markets and airlines segment with economic difficulties in Europe, Europe-wide heat waves in the summer and the conflict in the Middle East.' The company said summer bookings in its markets and airlines business are down 2% year-on-year. Tui said this has been driven by a continued trend towards late bookings, citing 'the impact of the June and July heat waves in our source markets, as well as the Middle East conflict'. But it highlighted a 'positive start' to bookings for the winter season. It came as Tui cheered record underlying earnings for the quarter to June 30, rising to 321 million euros (£278 million) from 232 million euros (£201 million) a year earlier. This was supported by a 56.2% jump in earnings from its cruises business, which was buoyed by the launch of two new cruise ships and strong trading conditions. Meanwhile, earnings in its Tui Musement activities and experiences business were up 6.8% for the quarter. The company said total underlying earnings are now on track to grow by between 9% and 11% this year. It previously forecast growth of between 7% and 10%. Tui told shareholders that total group revenues increased by 7.1% to 6.2 billion euros (£5.4 billion) for the quarter, amid growth in both volumes and prices.
North Wales Chronicle
10 minutes ago
- North Wales Chronicle
Tui cheers profit jump despite pressure from heat waves and Middle East conflict
Bosses at the firm stressed that the group has been boosted by its recent growth strategy. The German-based tour operator saw profits surpass expectations after positive trading from its cruises and experiences operations. The update came a day after the company upgraded its financial forecasts for the current year. Tui Group chief executive Sebastian Ebel said: 'The third quarter and the first nine months of the financial year 2025 were strong. Our strategy is paying off. 'We are benefiting from our integrated and diversified business model and managed to reduce the group's seasonality further. 'All this in a continuing challenging environment for our markets and airlines segment with economic difficulties in Europe, Europe-wide heat waves in the summer and the conflict in the Middle East.' The company said summer bookings in its markets and airlines business are down 2% year-on-year. Tui said this has been driven by a continued trend towards late bookings, citing 'the impact of the June and July heat waves in our source markets, as well as the Middle East conflict'. But it highlighted a 'positive start' to bookings for the winter season. It came as Tui cheered record underlying earnings for the quarter to June 30, rising to 321 million euros (£278 million) from 232 million euros (£201 million) a year earlier. This was supported by a 56.2% jump in earnings from its cruises business, which was buoyed by the launch of two new cruise ships and strong trading conditions. Meanwhile, earnings in its Tui Musement activities and experiences business were up 6.8% for the quarter. The company said total underlying earnings are now on track to grow by between 9% and 11% this year. It previously forecast growth of between 7% and 10%. Tui told shareholders that total group revenues increased by 7.1% to 6.2 billion euros (£5.4 billion) for the quarter, amid growth in both volumes and prices.
Rhyl Journal
10 minutes ago
- Rhyl Journal
Tui cheers profit jump despite pressure from heat waves and Middle East conflict
Bosses at the firm stressed that the group has been boosted by its recent growth strategy. The German-based tour operator saw profits surpass expectations after positive trading from its cruises and experiences operations. The update came a day after the company upgraded its financial forecasts for the current year. Tui Group chief executive Sebastian Ebel said: 'The third quarter and the first nine months of the financial year 2025 were strong. Our strategy is paying off. 'We are benefiting from our integrated and diversified business model and managed to reduce the group's seasonality further. 'All this in a continuing challenging environment for our markets and airlines segment with economic difficulties in Europe, Europe-wide heat waves in the summer and the conflict in the Middle East.' The company said summer bookings in its markets and airlines business are down 2% year-on-year. Tui said this has been driven by a continued trend towards late bookings, citing 'the impact of the June and July heat waves in our source markets, as well as the Middle East conflict'. But it highlighted a 'positive start' to bookings for the winter season. It came as Tui cheered record underlying earnings for the quarter to June 30, rising to 321 million euros (£278 million) from 232 million euros (£201 million) a year earlier. This was supported by a 56.2% jump in earnings from its cruises business, which was buoyed by the launch of two new cruise ships and strong trading conditions. Meanwhile, earnings in its Tui Musement activities and experiences business were up 6.8% for the quarter. The company said total underlying earnings are now on track to grow by between 9% and 11% this year. It previously forecast growth of between 7% and 10%. Tui told shareholders that total group revenues increased by 7.1% to 6.2 billion euros (£5.4 billion) for the quarter, amid growth in both volumes and prices.
