Banking Circle partners with FIFA Clearing House to streamline international player transfer payments.
Facts
- Banking Circle, a tech-led payments bank, collaborates with FIFA Clearing House (FCH) to process training rewards related to international player transfers.
- This partnership aims to centralize and automate payments between clubs and enhance financial transparency in the transfer system.
- Banking Circle provides FCH with direct access to clearing in multiple countries, facilitating faster, cost-effective, and transparent international payments for all clubs.
- FCH is a crucial component of FIFA’s transfer system reform, established to safeguard the integrity of professional football.
- FCH received its license from the French Prudential Supervision and Resolution Authority in November 2022 to operate as a payment institution.
- Laust Bertelsen, CEO of Banking Circle, expressed their commitment to supporting FIFA’s mission to reform the football transfer system.
- Frans van Proosdij, FCH President and CEO, highlighted Banking Circle’s role in delivering secure and transparent payments for all clubs.
