Banking Circle, JD Fintech partner on cross-border payments

By Vriti Gothi

Banking Circle has partnered with JD Fintech, the financial services arm for cross-border businesses affiliated with JD.com, aiming to streamline real-time payments, foreign exchange (FX), and marketplace collections for global merchants.

The collaboration brings together Banking Circle’s regulated payments infrastructure and JD Fintech’s cross-border commerce network an intersection that reflects growing demand for faster, more transparent international transaction flows. As eCommerce platforms and payment service providers (PSPs) scale globally, efficient settlement and multi-currency support have become key competitive differentiators.

By integrating with Banking Circle’s platform, JD Fintech will offer businesses frictionless access to multi-currency accounts for collections, payouts, FX, and real-time fund management. The partnership will also enable the use of virtual IBANs and local clearing rails, which can help merchants improve speed and compliance while simplifying treasury operations across jurisdictions.

Banking Circle said its single API and embedded local clearing capabilities will support a more localised payment experience for merchants and shoppers on JD Fintech’s ecosystem.

“With JD Fintech, we are playing a part in strengthening the international digital commerce corridor for expansion,” said Mishal Ruparel, Chief Commercial Officer at Banking Circle. “By connecting JD Fintech to our unparalleled local clearing network, we provide enhanced speed and transparency in cross-border transactions, which will give Asian PSPs and fintechs new ways to serve merchants looking to expand globally.”

The partnership underscores a broader industry push toward real-time, low-cost cross-border payments, an area where FinTechs and infrastructure providers are increasingly collaborating to reduce complexity for global merchants.