HIPS Payment Group Ltd, a provider of innovative and cost-effective e-commerce and mobile payment solutions, and licensed bank, Banking Circle, which delivers ground-breaking financial infrastructure for Payment businesses and Banks, today announced their partnership, which enables Hips to offer settlement with domestic payment rails.

“With this important partnership, Hips can easily provide our payment product solutions globally as Banking Circle allows us to offer instant currency conversion, providing our customers with a means to purchase any items or services in their own currency,” says John Cavebring, CEO of Hips.

“This partnership strengthens our global leadership in simplifying payment processing for a business of any size.”

The two companies will leverage each other’s technology to bypass old, bureaucratic and expensive systems. Instead of sending expensive international wire transfers, Hips can now use Banking Circle’s infrastructure to send payouts to merchants quickly, at low cost, compliantly and securely.

Anders la Cour, co-founder and Chief Executive Officer of Banking Circle added: “We are delighted to be working with Hips, as our collaborative technologies will further enable Payments businesses to seize more opportunities in the new economy. Our partnership provides modern and efficient methods of international payments and settlements and FX, underpinned by strong compliance enabling Hips to add value to its service proposition.”

Hips provides an array of payment product solutions in terms of technical offerings, commercial savings and shorter go-to-market timelines for any bank or fintech startup, regardless of size.

Latest Articles

International Women’s Day 2021

International Women’s Day 2021

International Women's Day 2021 To celebrate International Women's Day 2021, Barclays would like to invite you to join a series of panel discussions to be held virtually on: Monday, 8 March - 8:30am - 9:30 am EST / 1:30pm - 2:30pm GMT Thursday, 11 March - 4:00pm -...

The Dawn of End-to-End AML Compliance

The Dawn of End-to-End AML Compliance

A Jumio guide on how to fight financial crime while avoiding costly compliance mistakes AML fines are rising each year as financial institutions continue to make the same compliance mistakes. Often, organisations must cobble together multiple point solutions, leaving...

Singapore Fintech Festival 2019

Singapore Fintech Festival 2019

Singapore FinTech Festival 2019 summary of activities from the Fintech Power 50: Singapore FinTech Festival 2019 has proved another resounding success. Inaugural SFF x SWITCH sees over 60,000 participants from 140 countries; event to return on 9-13 November 2020....