Latest news with #LaustBertelsen
Finextra
22-05-2025
- Business
- Finextra
Banking Circle teams up with Visa Direct for global payments
Banking Circle S.A., the next-generation technology-led payments bank, today announced a strategic partnership with Visa, a global leader in digital 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.'
Yahoo
24-03-2025
- Business
- Yahoo
BC Payments gets in-principle nod for MPI licence in Singapore
BC Payments Singapore, part of Banking Circle, has secured in-principle approval from the Monetary Authority of Singapore (MAS) for Major Payment Institution (MPI) licence. The MPI licence would enable BC Payments Singapore to leverage Banking Circle's network, providing access to global clearing infrastructure. This would facilitate cross-border payment services and establish BC Payments Singapore as a regional hub within its global payments network. In-principle approval does not constitute a formal licence, but indicates that a licence may be granted upon meeting specific conditions, a release said. Banking Circle CEO and co-founder Laust Bertelsen said: 'The award of IPA from MAS is a testament to our commitment to delivering secure and efficient payment solutions, leveraging Singapore's strong regulatory framework and strategic location. This milestone will enhance our ability to service clients in Singapore and across the broader Asia-Pacific region, reinforcing our mission to facilitate global cross-border payment services and provide technology driven financial solutions.' BC Payments Singapore CEO Mishal Ruparel stated: 'BC Payments Singapore has been growing its presence in Singapore since January 2022 and we are working hard to secure the MPI licence. We plan to double the size of our team in the Singapore office over the next year, reinforcing the commitment to our regional expansion strategy. We are encouraged by the trust placed in us by our potential clients, and we look forward to empowering them with fast and efficient cross-border payments solutions.' The announcement follows Banking Circle's January 2025 disclosure that it plans to acquire a full stake in Australian Settlements Limited (ASL). ASL offers settlement and processing services to banks and payment companies in Australia. "BC Payments gets in-principle nod for MPI licence in Singapore " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
