Anders la Cour, co-founder and Chief Executive Officer of Banking Circle explains how Banking Circle Marketplaces empowers global trade by helping PSPs that support marketplace merchants to access fast, affordable cross border payments. When a new business launches, payments are typically quite low on the list of priorities. Funds and transactions will usually be managed through a familiar and trusted bank as the start-up cannot invest in researching alternative options. However, SME banking charges can be prohibitive, especially when looking to expand internationally. Cross border payments are slow and expensive through traditional banks, as they use the correspondent banking network,…
