Banking Circle S.A. (‘Banking Circle’), the next-generation technology-led payments bank, has entered into a strategic partnership with PayGlocal to streamline and accelerate international payment collections for Indian businesses, including exporters and marketplace sellers.

Designed for the complexities of global trade, PayGlocal empowers Indian merchants with enterprise-grade payment capabilities and RBI-licensed trust. This strategic collaboration strengthens PayGlocal’s cross-border payment capabilities, enabling Indian merchants to collect funds from key international markets, including Europe, the UK, and Australia, by leveraging Banking Circle’s direct clearing access and award-winning virtual account solutions.

PayGlocal’s multi-currency account offering will be expanded to include Australian Dollars (AUD), further enhancing its existing local collection capabilities in US Dollars (USD), Euros (EUR), British Pounds (GBP). With access to local clearing rails, merchants benefit from faster settlements, enhanced transparency, and a seamless experience through a single API.

“Our collaboration with PayGlocal is a significant step in reducing friction for Indian exporters and enhances our presence in India,” said Mishal Ruparel, Chief Commercial Officer at Banking Circle. “By combining our local clearing network with PayGlocal’s merchant-focused platform, we’re enabling faster, cost-effective cross-border payments that support India’s growing role in global trade.”

“PayGlocal helps Indian businesses expand globally by enabling them the ability to move money quickly, compliantly, and without friction — which is critical. This tie-up with Banking Circle strengthens that foundation by combining trusted infrastructure, regulatory alignment, and a shared commitment to solving real merchant challenges at scale — without making them handle the complexities themselves,” said Rohit Sukhija, Co-founder & Chief Product Officer, PayGlocal.

This relationship is expected to deepen as both companies collaborate to meet the growing demand from Indian merchants expanding and scaling across global markets.