For SMEs, that means helping you control costs through transparent pricing and margins. We offer innovative fee tariffs and access to a comprehensive service generally only available to larger companies.
To make cross-border payments, PSPs need a bank account with a regulated financial institution-like BFC Bank. We make transactions simpler and more cost-effective, and can provide direct access to the UK Faster Payments Scheme (FPS).
Our services include:
Small to Medium-sized Enterprises (SMEs) are central to the UK economy. Around 60% of the UK's private sector employment is in SMEs, according to the Federation of Small Businesses. We help SMEs reduce foreign exchange (FX) charges through a fair and transparent transaction services tariff for international payments and FX.Read more >>
International transaction flows and payments by non-bank Payment Service Providers (PSPs) continue to increase in quantity as the number of banks that provide current accounts and services to the sector has reduced. Forward-thinking organisations like BFC Bank have implemented strategies to support PSPs, which helps improve financial inclusion worldwide.Read more >>