Saxo Payments, a global transactions services provider which is a part of Saxo Bank, has entered into a new partnership with currency broker and international payments solution provider FC Exchange.
Under the terms of the new agreement, the Saxo Payments Banking Circle will help FC Exchange deliver sophisticated solutions to its clients.
FC Exchange provides specialist currency transfer and international payments solutions. It is one of the first FX companies to become an Authorised Electronic Money Institution (AEMI).
The new partnership with Saxo Payments is poised to play a crucial role in assisting FC Exchange achieve its growth plans, enabling it to better serve businesses in new vertical markets it is targeting. The Saxo Payments platform will support the business as it attracts larger clients in new markets. The ability to issue bank accounts in more than 20 currencies is seen as particularly useful in this respect.
Nick Fullerton, CEO of FC Exchange, explains,
“The payment facilities offered through our membership of the Banking Circle is helping us service the needs of larger businesses that need to facilitate payments in high volumes. A large proportion of the businesses in our new target markets need to process a high volume of low value payments, in an efficient and cost effective manner. Saxo Payments allows us to meet the complex needs of these clients, helping them reduce the cost of international payments and make fast, secure, cross-border transfers.
“Through our partnership with Saxo Payments, the Banking Circle enables us to enhance our customer experience, thereby improving both acquisition and retention, which is crucial as we aim for significant growth in 2016.”
Anders la Cour, Chief Executive Officer for Saxo Payments, says,
“The Banking Circle is our web-based banking platform, offering businesses access to real-time transfers, at a fraction of the cost of traditional banking services. FC Exchange’s partnership with Saxo Payments means it can offer its clients faster international payments across multiple currency accounts using a single platform. We are looking forward to working closely with FC Exchange to help it grow in new markets by offering innovative payment solutions that reduce costs, whilst delivering the best service, worldwide.”
For the full announcement from Saxo Payments, click here.