Sectors: Enabling Technologies

Saxo Payments

In as little as a decade we will look back at the fractured banking and payments sector with utter astonishment at just how long traditional banking services weren’t challenged – costing businesses millions of pounds.

Businesses of all sizes trade internationally every day, and have done for many years. Yet still they accept high charges from their normal bank for paying foreign suppliers or receiving payment from customers abroad.

Saxo Payments is plugging the holes where banks allow money to seep through the cracks, by creating a marketplace in which everyone can benefit. Designed to empower the swathe of FinTech businesses seeking to exploit the explosion of global digital enterprises, the Saxo Payments Banking Circle provides a seamless conduit for transfers; fees are negligible and transfers occur instantly within the community, even across borders, as if the two companies were neighbours.

Saxo Payments enables FinTech businesses with international client bases to focus on their core activities, while extending their value chain and product offering allowing them to compete directly with the banks. As Members of the Saxo Payments Banking Circle these enterprises – card acquirers, PSPs, APMs, FX payment providers – can create a new revenue stream for their business by utilising a web-platform in their own name in order to provide their merchants with transfer capabilities. And their merchants can become Merchant Members of the Saxo Payments Banking Circle to also reap the speed and cost benefits for their business.

It is a solution that is truly empowering global trade, whilst ensuring that financial regulation is completely adhered to, without impacting on business success.

Saxo Payments is a subsidiary of Saxo Bank A/S.Saxo Bank A/S is a fully licensed and regulated European bank specialising in online trading and investment across global financial markets.