Ixaris and Banking Circle partner on cross-border travel payments
Ixaris has announced a partnership with Banking Circle, connecting the latter’s Virtual International Bank Account Number (IBAN) technology to Ixaris’ payment products.
Traditionally, seamless cross border B2B payments required companies to have a physical footprint and open a physical bank account in the territories they wanted to operate in. Launched in 2017, Banking Circle’s Virtual IBAN allows businesses to send and receive payments anywhere in the world at a low cost and in real-time, eliminating the reliance on multiple banking relationships in different territories. Banking Circle’s Virtual IBAN technology, combined with Ixaris’ ability to optimise every payment, will result in more efficient global payments handling for the travel industry that can generate revenue and, ultimately, profitability.