PPRO Group, the global e-payment specialist, has partnered with Banking Circle, the financial utility for businesses that want to trade globally. Through this partnership, PPRO Group’s customer base of Payment Service Providers (PSPs) and Merchant Acquirers will be able to offer cross-border online merchants with real-time payment settlement via Banking Circle. This helps PPRO Group to not only simplify internal settlement processes, but to also receive and make payments faster and cheaper, due to access through Banking Circle’s accounts in multiple currencies and various local clearing methods in just one solution.
Banking Circle provides financial services infrastructure, helping banks and FinTechs to provide their customers with fast and cost-effective banking and payment solutions, without having to make significant in-house systems investments. The partnership with PPRO underlines the effectiveness of Banking Circle as a next-generation provider of mission-critical infrastructure for online cross-border payments.
Covering the entire value chain, from acquiring through to processing, local collection and reconciliation, PPRO Group offers all acquiring services for more than 140 international APMs across 175 countries. Under one contract, through one single integration and one platform; PPRO processes, collects, reconciles, consolidates and pays out all payments for PSPs’ and acquirers’ merchants while working strictly indirectly with its partners.
PPRO Group is capitalizing on the benefits of Banking Circle´s ‘real-time’ payments proposition for PSPs,” as Ronnie D’Arienzo, Chief Sales Officer, PPRO Group comments, “Banking Circle goes to the heart of our proposition. Being able to make real-time settlements to many of our PSP-clients means we can provide reliable and fast services which sets us apart from our competition.”
Anders la Cour, co-founder and Chief Executive Officer of Banking Circle added: “PPRO Group is capitalizing on the cohesive payments solution that is Banking Circle. It can offer ‘local’ cross border payments, with low fees, good FX rates and fast transfer times to its PSPs for a significant competitive advantage.”
About PPRO Group
Cross-border e-payment specialist, PPRO Group, (PPRO) removes the complexity of international e-commerce payments by acquiring, collecting and processing an extensive range of alternative payments methods for Payment Service Providers (PSPs) under one contract, through one platform and one single integration. PPRO supports international payment methods across 175 countries, allowing PSPs to expand their merchants’ e-commerce reach, arrange hassle-free collection and achieve higher conversion rates.
PPRO also issues Visa and Mastercard consumer prepaid cards, under its own brand name VIABUY, and enables B2B prepaid cards, under its CROSSCARD and FLEETMONEY brands, which can be issued both physically and as virtual cards or NFC devices (as stickers).
Founded in 2006 and headquartered in London, PPRO is an e-money institution regulated by the UK’s Financial Conduct Authority and headquartered in London. For more information, please visit www.ppro.com or follow us on Twitter @ppro_group.