Saxo Payments Banking Circle

Banking Circle is a financial utility dedicated to giving businesses faster, more efficient ways to conduct business on a global scale. Membership is open to financial institutions including card acquirers, PSPs, APMs, FX payment providers, and banks. Merchant Membership is open to merchants who join via their payment solution providers.

Company Announcements

Banking Technology Award goes to Saxo Payments Banking Circle Virtual IBAN Financial utility wins Best Corporate Payments Initiative
Banking Technology Award goes to Saxo Payments Banking Circle Virtual IBAN Financial utility wins Best Corporate Payments Initiative

14th December 2017

Saxo Payments Banking Circle Virtual IBAN has been awarded Best Corporate Payments Initiative in the Banking Technology Awards 2017. Ground-breaking B2B financial utility, Banking Circle, supports Tier 2 and 3 Banks, and Financial Tech businesses, giving them a crucial competitive edge by enhancing the service they can deliver to their customers. ...
Saxo Payments Banking Circle Achieves $50 Billion Volume Growth
Saxo Payments Banking Circle Achieves $50 Billion Volume Growth

5th December 2017

Saxo Payments Banking Circle, the ground-breaking B2B financial utility supporting banks and FinTechs, has achieved $50 billion volume growth since it started taking the first clients live in February 2016. Founded in 2013 and supported by Saxo Bank for the development of its innovative cross border payments proposition, the Saxo Payments...
Saxo Payments Banking Circle Scores a Hat Trick!
Saxo Payments Banking Circle Scores a Hat Trick!

15th November 2017

Financial services utility shortlisted in three Awards. Saxo Payments Banking Circle has further reinforced its position as a financial utility for core banking services, by being shortlisted in three different industry Awards. The Banking Circle’s latest unique banking solution, Banking Circle Virtual IBAN, has been shortlisted for...
Saxo Payments Banking Circle Marketplaces Helps Financial Tech Businesses Address PSD2 Regulation for Online Marketplaces
Saxo Payments Banking Circle Marketplaces Helps Financial Tech Businesses Address PSD2 Regulation for Online Marketplaces

19th October 2017

Changes brought about under the latest Payment Services Directive, PSD2, mean that Marketplaces will no longer be exempt. For Marketplaces to remain exempt under PSD2, they should act only on behalf of the payer or the payee or not at any time enter into possession or control of client funds.  Addressing this challenge, Saxo Payments has...
Saxo Payment takes accolade for best service organisation supporting the payments industry
Saxo Payment takes accolade for best service organisation supporting the payments industry

6th October 2017

Saxo Payments Banking Circle was crowned Best Service Organisation supporting the Payments Industry at the Emerging Payments Awards. The Emerging Payments Awards set out to put the spotlight on the best programmes and innovations in the global payment’s industry.  Saxo Payments was a finalist in three categories in this...
WaveCrest Enhances Propositions With Membership Of The Banking Circle
WaveCrest Enhances Propositions With Membership Of The Banking Circle

4th October 2017

B2B clients to benefit from virtual IBAN service, foreign exchange and swift transfer of funds. WaveCrest, the licensed and regulated e-money issuer, working globally with businesses of all sizes and industries, has joined the Banking Circle to benefit from the ground breaking cross border payment solution. WaveCrest works with businesses to...
Saxo Payments Banking Circle Becomes Benefactor of Major Emerging Payments Project
Saxo Payments Banking Circle Becomes Benefactor of Major Emerging Payments Project

29th September 2017

Industry-leading financial utility, Saxo Payments Banking Circle, has become the Benefactor of a major new project being spearheaded by the Emerging Payments Association (EPA).  Designed to support the growth of early stage FinTech companies around the world, Project International Trade is set to encourage trade between EPA members and non-EU...
Saxo Bank joins Copenhagen Fintech marking its 25th anniversary as fintech pioneer
Saxo Bank joins Copenhagen Fintech marking its 25th anniversary as fintech pioneer

14th September 2017

In September Saxo Bank celebrates it 25 year anniversary and boosts its journey from an early online trading pioneer to a leading facilitator of global capital market access by becoming sponsor of Copenhagen Fintech Lab. Together with Copenhagen Fintech Lab Saxo are opening the door to connect and foster relationships with Fintech startups on a...
Saxo Payments Banking Circle adds payments awards to shortlisting success
Saxo Payments Banking Circle adds payments awards to shortlisting success

5th September 2017

Following the announcement of its success in being shortlisted for three categories in the 2017 Emerging Payments Awards, industry-leading financial utility, Saxo Payments Banking Circle has now been shortlisted in two categories of the 2017 Payments Awards.  The Banking Circle is in the running for the Best Cross Border Payments Solution...
Saxo Bank publishes H1 2017 results
Saxo Bank publishes H1 2017 results

31st August 2017

Saxo Bank Group (“The Group”) has reported a net profit of DKK 229 million for the first six months of 2017, an increase of 45 per cent compared to the first half of 2016. Clients’ collateral deposits continued to rise to a record high of DKK 98.3 billion and despite low volatility the operating income for the group reached DKK...