Banking Circle S.A. and Visa Direct Partner to Enhance Global Payment Capabilities

Luxembourg-based Banking Circle S.A. announced a strategic partnership with Visa focused on digital payments.

The partnership provides Visa Direct with access to Banking Circle’s extensive local clearing rails across the world.

“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.”

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.

Banking Circle S.A. is a modern correspondent bank committed to building a local clearing network for all major currencies to deliver fast, low-cost payments with no hidden fees for the beneficiary.