Financial infrastructure provider, Banking Circle, has been named Best E-Commerce Initiative for its Banking Circle Marketplaces solution in the 2020 PayTech Awards. Banking Circle’s partnership with Cardstream was also highly commended in the Best PayTech Partnership category.

The much-anticipated PayTech awards celebrated the hard work and innovation in the PayTech industry, especially visible throughout the current pandemic. Winners were chosen by a panel of expert industry judges and announced at a digital ceremony hosted by comedian Zoe Lyons on 10th September.

Anders la Cour, co-founder and Chief Executive Officer of Banking Circle, commented: “At Banking Circle we strive to build and deliver solutions that help banks and payments businesses increase SME financial inclusion. We build solutions in response to market research, with market need at the heart to ensure our solutions solve pain points experienced by real businesses. To win the Best E-Commerce Initiative is a fantastic achievement and demonstrates the importance of the innovative work our global team is doing.”

Banking Circle is a financial infrastructure provider to Payments businesses and Banks. As a fully licensed bank, free of legacy systems, Banking Circle technology enables payments companies and banks of any scale to provide their customers and previously excluded businesses with faster, cheaper banking solutions. These solutions include banking accounts, local and cross border payments, multi-currency IBAN accounts and flexible lending solutions, and negate the need for financial institutions to build their own infrastructure and correspondent banking partner network.