SEPAexpress, which provides white-labelled account-to-account (A2A) payments for Payments Service Providers (PSPs), merchants and corporates in Europe has been acquired by Banking Circle Group.
Less than five years after bringing its first solution to market, SEPAexpress now processes millions of transactions on a monthly basis. By becoming part of the Banking Circle Group ecosystem SEPAexpress gains immediate access to technology infrastructure and financial resources to accelerate its growth.
As companies digitise their customer and supply-chain interactions, there is a growing need for modern aged financial solutions.
With payment flows of more than €200 billion, the Banking Circle Group ecosystem meets that need, serving payment businesses, banks, global markets and online merchants.
The addition of SEPAexpress to the Banking Circle Group ecosystem complements its e-commerce solutions including embedded finance, business payments & card issuing and B2B Buy Now Pay Later.
“The quality and simplicity of the solutions from SEPAexpress are without compare in the industry”, says Anders la Cour, Chief Executive Officer of Banking Circle Group.
“Its suite of offerings is a natural fit with the Banking Circle Group ecosystem and we’re excited to have the company on board to serve the ever-growing payment needs of businesses worldwide. We look forward to working closely with SEPAexpress and welcome the entire team to the Group.”
The post Banking Circle acquires account-to-account payment provider SEPAexpress appeared first on Payments Cards & Mobile.