Payment service provider Paymaster24 chooses Banking Circle to enhance its digital payment platform


Full-service payment service provider (PSP) of local digital payment solutions, Paymaster24, would have chosen Banking circle in order to improve its existing service proposition for merchants. Above all, the collaboration with Banking Circle should help Paymaster24 to speed up payments while offering additional currencies to its merchant customers.

As Noted In the update, Paymaster24 is a multi-channel international payment gateway providing digital businesses of all sizes with a single, comprehensive solution to collect and distribute domestic payments through several different payment channels.

These payment channels / options include credit and debit cards, online and offline bank transfers, digital or electronic wallets, prepaid cards, and various other alternative payment methods. Work with Banking circle and using the approved bank’s B2B payment platform for SEPA and cross-border transfers, the PSP improves the user experience by streamlining cross-border transactions.

Avet Mnatsakyanian, Managing Director of Paymaster24, said:

“Working with Banking Circle allows us to quickly expand the Paymaster24 banking network. We can send and receive cross-border payments to and from our merchant customers around the world much faster and at lower cost. Above all, Banking Circle’s reputation and robust security have made it the best partner to help us add value to our offering and provide our merchants with the most efficient and cost-effective cross-border payment solution.

Banking Circle’s cloud-native, cloud-native, international payment platform delivers superior speed and functionality, as well as a “more intuitive user experience for PSPs, FinTechs and banks, which, in turn, improves the proposition for their customers, ”explained the announcement while adding that the innovative platform offers“ the fastest payment processing times and gives customers a real-time overview of the status of their payments ”.

Anders the Court, co-founder and CEO of Banking Circle, said:

“As a technology-driven bank, Banking Circle is fully focused on delivering a payment solution that will improve the customer propositions of financial institutions such as Paymaster24 by streamlining the payment proposition and removing barriers to international trade. . “

Anders added:

“Paymaster24 shares our vision to increase the accessibility of cross-border payments to help merchants increase their international market share. Enabling merchants to offer their customers the ability to pay with their preferred payment method and in a local currency is an important step in this journey. We look forward to working closely with Paymaster24 to continue to develop tailor-made solutions to meet the needs of their clients and add value to their proposition.

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