Banking Circle, the payments specialist, has reported a significant uplift in payments flow and clients a year after it launched its Banking Licence.
At the end of February 2020, Banking Circle received its Banking Licence from the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg, enabling it to give financial institutions direct access to real-time payments regardless of borders or size. It also launched its new headquarters in Luxembourg in a ceremony attended by Mr Pierre Gramegna, Luxembourg Minister of Finance.