A global provider of transaction services, Saxo Payments, announced today the launch of a new partnership with FC Exchange. The company acts as a currency brokerage and provider of international payment solutions. Under the newest agreement, FC Exchange will use the help of Saxo Payments Banking Circle in the delivery of advanced solutions for a broad class of currencies to an expanding customer base.
According to the official press release, the latest collaboration is to play an important role in helping FC Exchange realize its plans for growth and to better serve larger companies in new markets. Saxo Payments’ platform will support currency brokers, providing the ability to issue bank accounts in over 20 currencies.
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As reported by Nick Fullerton, CEO of FC Exchange, in the recent statement on the partnership: “The payment facilities offered through our membership of the Banking Circle is helping us service the needs of larger businesses that need to facilitate payments in high volumes. A large proportion of the businesses in our new target markets need to process a high volume of low value payments, in an efficient and cost effective manner. Saxo Payments allows us to meet the complex needs of these clients, helping them reduce the cost of international payments and make fast, secure, cross-border transfers.”
Banking Circle is Saxo Payments web-based platform, offering access to foreign exchange transfers in real time, at far lower costs compared to traditional financial services. FC Exchange will be able to offer its customers faster international payments between accounts in different currencies using a single platform.
Saxo Payments was set up in 2013 by Saxo Bank. The main objective of the institution is to use the main capabilities of the company in non-cash payments and the currency market. Saxo Payments’ offering is addressed to FX brokers, e-wallets, alternative payment providers, and more.