We are proud to be an industry-leading international payment and foreign exchange (FX) provider to Small to Medium-sized Enterprises (SMEs) and Payment Service Providers (PSPs).
Our bespoke online service is not constrained by legacy systems and is designed to meet your needs. We provide innovative bank products and new fee tariffs in a market that depends on supportive and reliable payment providers.
International payments volumes grow as trade activities expand worldwide. Businesses need reliable, trustworthy commercial payment solutions. Our services are designed to help SMEs and PSPs transact internationally.
We provide corporate banking services to SMEs. Cost control is crucial for SMEs. We are committed to absolute transparency in our prices and margins. You are always able to see the total transaction cost including FX spreads. As well as enjoying innovative fee tariffs, you have access to comprehensive services and support that is generally only available to larger companies.
For PSPs to make cross-border payments they must maintain a bank account at a regulated financial institution. We understand your needs and provide services to make transactions simpler and more cost-effective. We have a full UK banking licence and direct access to the Faster Payments Scheme (FPS) which enables us to offer non-bank PSPs an additional service. You may take advantage of a sponsorship arrangement with FPS by leveraging our direct membership. If you are a sponsored partner in the FPS, you settle transactions in almost 'real-time' through us as a non-settling participant. PSPs who work with us may grow their businesses and payment volumes through direct access to a payment gateway that has historically only been available to banks
Compliance in today's financial 'ecosystem' has never been more important. Banks must have a strong organisational compliance framework to adhere to regulation. Compliance is a strict responsibility among BFC Group's global businesses; rigorous Know Your Customer (KYC) and Client Due Diligence (CDD) checks are carried out on all prospective customers before any commercial activity.
We are committed to our core values and mission to ensure you receive reliable and safe services. We focus on our clients' growth through product development and service.
Small to Medium-sized Enterprises (SMEs) are central to the UK economy. Around 60% of the UKâ€™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 >>