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.
