Circle coverage on BankingTech.com
Payments services provider Circle is offering its customers in the US, UK and Europe the ability to send and receive money across borders with no fees and no mark-up on foreign exchange (FX) rates. The firm says it is “just like sending email or sharing photos” – meaning it’s “free and instant”. There will be no fees or FX mark-ups on payments sent to or from the US, UK or more than a dozen European countries. Payments can be sent between US dollars, British pound sterling or euros and the company says there are no fees at all and zero FX mark-up on exchange rates if sent using Circle.