BC Payments, the licensed subsidiary of EQT- backed innovative tech-led payments business, Banking Circle Group, has launched in Australia.
In brief:
-It will provide Australian FinTechs, payments businesses and banks with global payment solutions, facilitating both onshore and offshore growth
-The parent company, Banking Circle S.A., already serves over 250 financial institutions globally and is settling more than 10% of Europe’s B2C e-commerce flow
-BC Payments will help local FinTechs facing barriers to non-domestic growth
What does this mean?
Mishal Ruparel, Chief Revenue Officer of Banking Circle added: “Led by our tech-first approach, Banking Circle is driving the evolution of global payments infrastructure, which goes to the heart of financial inclusion. We believe this is a great fit for the growing Australian FinTech space."
