“As a newer provider, Banking Circle has a much more open approach to ways of working, with APIs, the right service levels and reporting in place, compared to that of many of the traditional banks. Our merchants don’t really spend much time thinking about who we use as a banking partner, they just want us to be able to fund them in time and with the least cost. Banking Circle meets this need, but the real differentiator is that while payment queries, in the case of a very large bank, can take five to ten days to process, with Banking Circle, we generally get answers within 24 to 48 hours. That’s really something positive for us as an Organisation.”
“At Tuxedo we have developed an exceptionally robust and flexible payment platform, capable of operating a wide range of domestic and cross border payment solutions, designed to save our clients money. We are currently building the most comprehensive cross border payment solution in the market, giving our clients the ability to transfer money via multiple means; from transfers to e/m wallet payments and virtual card solutions. We have ambitious plans for expansion around the world and Banking Circle's infrastructure has unparalleled reach, in terms of getting money around the world and from an Fx point of view. Few companies can compete with its service delivery. By partnering with Banking Circle, we are confident that we can deliver a truly global cross border payments solution focused on providing low cost transfers to our multinational client base, saving our partners as much money as possible in the B2B cross-border payments space. This partnership sees two innovative businesses come together, capitalising on our combined banking industry expertise. We believe it has the potential to evolve and deepen, offering mutual, long-term benefits to both our businesses and our clients.”