Banking Circle joins Czech FinTech to support innovation

By Vriti Gothi

Payments infrastructure provider Banking Circle has joined the Czech Fintech Association (CEFTAS), a move that underscores its intent to deepen engagement with the Czech Republic’s growing FinTech sector and contribute to industry-wide collaboration in the market.

CEFTAS represents a broad cross-section of financial technology firms operating in the Czech Republic, with a mandate to promote innovation, support constructive regulatory dialogue, and encourage the adoption of advanced financial technologies. As the country positions itself as an increasingly relevant FinTech hub in Central and Eastern Europe, the Association plays a key role in connecting industry stakeholders with policymakers and regulators.

For Banking Circle, membership aligns with its broader strategy to modernise payment infrastructure and expand access to real-time, multi-currency payment schemes across Europe. The company’s participation is expected to support discussions around interoperability, cross-border payments efficiency, and regulatory harmonisation—areas that are becoming more critical as payment flows within the region scale in volume and complexity.

Tomáš Novotný, General Manager at Banking Circle, said, “The timing of the move reflects the rapid evolution of the Czech fintech landscape. “Our membership will be crucial in supporting Banking Circle’s mission to deliver greater speed, transparency, and cost efficiency by enhancing interoperability across domestic and international payment rails. The company looks forward to working closely with other Association members.”

From CEFTAS’ perspective, the addition of an international payments specialist reflects the increasing relevance of the Czech market within the European FinTech ecosystem. Ondřej Machač, Managing Director of the Association, noted that Banking Circle’s focus on payments modernisation aligns with broader industry priorities. He said the company’s involvement is expected to strengthen collaboration and support the development of FinTech solutions that can compete beyond domestic borders.

The development comes as European FinTech firms place greater emphasis on cross-border scalability, real-time settlement, and regulatory cooperation—factors that are shaping the next phase of growth for payments and financial infrastructure providers across the region.