Safenetpay, an E-Cash Establishment Licensed by UK FCA, Companions with Funds Specialist Banking Circle

One-stop enterprise cost resolution supplier, Safenetpay, has partnered with funds specialist, Banking Circle, to boost its worldwide cost providing.

By using Banking Circle’s multi-currency accounts, SEPA and SWIFT transactions options and overseas trade (FX) capabilities, Safenetpay’s enterprise shoppers will be capable of “entry further currencies, aggressive FX charges and fast, dependable transactions inside SEPA,” in accordance to a launch.

Safenetpay is an Digital Cash Establishment that has been approved by the UK’s Monetary Conduct Authority (FCA). It goals to supply a “one-stop resolution for enterprise cost wants.” Safenetpay supplies its prospects – largely UK-based SMEs – “with a single platform that gives multi-currency accounts, aggressive FX charges, card cost processing, and service provider accounts.”

Teaming up with Banking Circle will enable Safenetpay to “serve a wider vary of shoppers, while offering further assist to present prospects trying to broaden into new markets,” in line with a launch which additionally famous that “crucially for Safenetpay it might lengthen its service providing with out the same old funding required.”

Sanjar Mavlyanov, CEO and founding father of Safenetpay, stated that their ambition or objective has all the time been to supply companies sooner, simpler entry to banking and cost providers domestically and internationally. Mavlyanov added that Banking Circle shares that imaginative and prescient and their new partnership ought to add worth to the Safenetpay providing by permitting them to supply a extra complete vary of choices and currencies than they had been in a position to with their final associate.

Mavlyanov added:

“We will now give our prospects the good thing about sooner, much less advanced funds in addition to entry to extra merchandise, rapid FX and extra currencies together with USD and CHF. The flexibility to simply accept funds and maintain funds in additional currencies is an important a part of our enterprise plans, serving to us serve a wider vary of small companies no matter the place they or their prospects are based mostly.”

Anders la Cour, Co-founder and CEO at Banking Circle, acknowledged:

“Most Safenetpay prospects are SMEs – a bunch that we all know typically wrestle with the influence of monetary exclusion. Funds are historically too gradual and too costly, particularly throughout borders, and that may maintain small companies again from reaching their international potential. In collaboration with Banking Circle, Safenetpay can now present SMEs with entry to worldwide markets with out the pricey delays attributable to conventional cross border funds and FX. As an alternative, companies can deal with delivering the services their prospects want.”