back Back

DynaPay selects Banking Circle to deliver secure payment solutions

By Megha Bhattacharya

April 28, 2021

  • Dynapay
  • UK
Share

DynaPay today announced that it has selected payments specialist Banking Circle for delivering secure payment solutions for SMEs transacting globally and in multiple currencies. The company will be providing DynaPay with Virtual IBAN accounts to enable local payments and collections across borders. The FinTech’s Virtual IBAN gives financial institutions such as DynaPay the ability to issue multicurrency IBANs in their customer’s name and in multiple jurisdictions.

DynaPay is an FCA regulated European FinTech solutions provider serving e-commerce, travel and other business clients across the UK and EU/EEA.

“The DynaPay platform’s collaborative approach allows our clients to expand their services and markets across Europe,” commented Konstantin Zaripov, Managing Director of DynaPay. “We work with several carefully selected partners within the payments ecosystem to ensure we deliver the best possible solutions for our clients.

“Banking Circle allows us to deliver transparent fees and competitive FX rates to help our SME clients transact globally in various currencies. Payments with Banking Circle are quick and secure, which means we can expand our payment capabilities and add value to our offering.”

Recently, business payment solution provider Safenetpay has teamed up with the FinTech to enhance its cross border payment offering. Safenetpay will utilise Banking Circle’s multi-currency accounts, SEPA and SWIFT transactions solutions and foreign exchange (FX) capabilities. The partnership will enable customers to access additional currencies, competitive FX rates and quick, reliable transactions within SEPA.

Anders la Cour, co-founder and Chief Executive Officer of Banking Circle added, “Our mission at Banking Circle is to tackle the legacy of high cost and slow international payments and DynaPay is another business that has seen the value we can add to their proposition.”

“Like Banking Circle, DynaPay’s sights are set firmly on the goal of industry-wide collaboration and the benefits it brings. Through Banking Circle Virtual IBAN, DynaPay is able to enhance the service it provides to its corporate clients, helping them to reach their global potential without the usual high cost and long transfer times of cross border payments and FX holding them back.”

Previous Article

April 28, 2021

Vyne and Kinetic team up to transform rental payments

Read More
Next Article

April 28, 2021

BANK OF AFRICA taps Conpend TRADE AI app, via Finastra, to digitize trade finance

Read More






IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

December 06, 2024

PayPoint & Lloyds Bank enhance merchant services for UK SMEs

Read More

December 06, 2024

Premier Bank & Mastercard roll out Sharia-compliant cards in Kenya

Read More

December 06, 2024

Mambu acquires French PayTech provider Numeral

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q3 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More