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Saxo Payments Banking Circle adds payments awards to shortlisting success

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 (Business) and its latest initiative, the Banking Circle Virtual IBAN is up for Best B2B Payments Innovation. The company’s co-founder and Chief Executive, Anders la Cour has also been shortlisted in the Payments Pioneer category.

The 5th Annual Payments Awards, which will be announced in November, recognise cards and payments excellence and innovation.

Despite only launching in January 2016, as at July 2017 the Banking Circle annualised monthly run rate was $36 billion, demonstrating the role it’s playing in giving FX and Payments businesses a crucial competitive edge by enhancing the service they can deliver to their customers. And the company’s latest innovation, the Saxo Payments Banking Circle Virtual IBAN, is a unique proposition, delivering full transparency and faster settlement on payments and transfers.

Commenting on the latest shortlisting success, Anders la Cour, Chief Executive Officer of Saxo Payments said: “Now in our third year of delivering solutions for the FinTech sector, we are firmly establishing the role the Banking Circle can play in facilitating cross border payments.  We are therefore delighted to receive these latest shortlistings and we hope we will take home the Awards in November.”

In 2013 Saxo Bank formed a new entity, Saxo Payments A/S, with the purpose of using Saxo Bank’s core capabilities within the non-cash payments market. Saxo Payments A/S is a specialist in forex and payments.

Registered as a payment institution in the European Union, Saxo Payments specialises in providing global payment account transactions and foreign exchange services to payment providers, including acquirers, payment service providers, FX brokers, money transfer businesses, e-wallets, and alternative payment providers.