Nuvei Group selects Banking Circle's platform

Nuvei Group selects Banking Circle's platform

Nuvei Group selects Banking Circle's platform

04.09.2020 08:19 am

financial IT

Nuvei partnered with Banking Circle in 2016 to ensure settlement and pay outs occur quickly and incur lower costs, whilst being more transparent and trackable. Today, Nuvei uses Banking Circle settlement and operational accounts as well as Banking Circle's Real-time FX platform.

The suite of Banking Circle solutions allows Nuvei to collect and pay out merchants’ funds in a faster, cheaper and more trackable way. As a result, merchant clients receive their funds quickly.

Working with Banking Circle provides Nuvei with faster, more transparent client funds reconciliation, and more control over FX charges. Payment processing is no longer a hurdle to be overcome when expanding into a new region, as Banking Circle can process payments in 24 currencies.

Settlement is also more streamlined – Nuvei sends payment instructions to Banking Circle in bulk, rather than separating payments by country or currency, each to be handled by a different regional banking partner.

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