London — 5 May 2021 — PIF, the not-for-profit industry body representing the interests of e-money and payments businesses, has today announced Banking Circle, the fully licenced tech led bank specialising in payments as its newest Benefactor.
Banking Circle joins a vibrant and growing association of payments companies and organisations, in support of PIF’s mission to champion regulated e-money and payment services as an essential part of the financial services ecosystem.
With a strong track record as an industry advocate, PIF offers the sector a vital ally as it seeks best outcomes from new and changing regulation and promotes understanding of the sector with consumer bodies and the media. It also supports its members with specialist knowledge and facilitates the exchange of information on a wide range of issues affecting the industry.
Banking Circle’s mission is to provide Banks and Payments businesses with direct access to clearing in multiple countries, meaning faster and more cost-effective international payments for their business customers. It is doing this by providing best in class payment rails through a combination of direct clearing with central banks and indirectly through partner banks.
Commenting on its support of PIF, Banking Circle’s Chief Executive Officer, Anders la Cour said: “We are operating in an incredibly exciting and dynamic market; it is therefore immensely valuable to have access to a wide range of views and insight to complement our own expertise. We look forward to being part of the PIF community, benefitting from the work the industry body is doing to further understanding of the role of the payments sector in the global economy.”
For further information:
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Notes to Editors
PIF is the not-for-profit industry body representing the interests of e-money and fintech payment firms. In today’s highly regulated and increasingly competitive marketplace, PIF offers businesses large and small a vital ally. Drawing on many years of experience, PIF promotes and champions the sector as an essential part of the financial services ecosystem, advocates for positive change and seeks the best outcomes from new and changing regulation to ensure its members can thrive. For more information, visit www.prepaidforum.org