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Banking Circle joins forces with Fifa Clearing House | Fintech InShorts: Latest fintech news, analysis by experts

Banking Circle joins forces with Fifa Clearing House

BankingBusinessPayments

Less than 1 min.Read

Banking Circle joins forces with Fifa Clearing House

August 31, 2023

Banking Circle partners with FIFA Clearing House (FCH) to enhance international player transfer payment processing in the football industry.

Facts

Banking Circle collaborates with FIFA Clearing House (FCH) to streamline international player transfer payment processing.
FCH will gain access to central banks and a global banking network through Banking Circle.
Objective: Centralize and automate payments between football clubs and improve financial transparency.
FCH is a part of FIFA’s efforts to reform the football transfer system and ensure its integrity.
FCH has been operational since November 2022, licensed by the French Prudential Supervision and Resolution Authority.
Quote: Laust Bertelsen, CEO of Banking Circle, expresses support for FIFA’s mission and highlights the benefits of utilizing Banking Circle’s accounts and payment rails.
Frans van Proosdij, FCH President and CEO, emphasizes the advantages of Banking Circle’s direct access to clearing for international payments.

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