Paymaster24 selected Banking Circle to boost its payment capabilities

With pandemic increasing digitization amongst small and medium businesses, payment companies at the forefront have started to pick up payment and technology providers to upscale their infrastructure to support their client needs.

This week, UK based Payment Service Provider (PSP), Paymaster24 has selected Banking Circle to enhance its service proposition for merchants, as stated by the press note. With this, Banking Circle will help Paymaster24 to speed up payments and offer additional currencies to its merchants.

“Working with Banking Circle enables us to rapidly expand the Paymaster24 banking network,” commented Avet Mnatsakanyan, Managing Director of Paymaster24. “We can send and receive cross border payments to and from our merchant customers worldwide much more quickly and at lower cost”.

Recently, B4B Payments and Banking Circle partnered for corporate payments service while PayAlly partners with Banking Circle for international payments.

As per the press note, Paymaster24 is a multi-channel payment gateway that provides online businesses with a single solution for collecting and distributing local payments globally via multiple payment channels: credit and debit cards, online and offline bank transfers, e-wallets, prepaid cards and other alternative payment methods.

The company says that working with Banking Circle and utilizing its licenced B2B payments platform for SEPA and cross border transfers can improve its clients experience by simplifying and streamlining cross border payments.

Banking Circle provides banking services to financial institutions and business customers such as PSPs, FinTechs and Banks. The company is authorised as a credit institution in Luxembourg by the European Central Bank.