Banking Circle Expands Globally by Acquiring Australian Settlements Limited

Banking Circle, a global financial infrastructure provider, has officially acquired Australian Settlements Limited (ASL) — a licensed payment service provider based in Australia.

🔹 Why It Matters:

This move marks Banking Circle’s first major step into the Australian market, expanding its reach beyond Europe and the UK.

🔹 What’s the Goal?

To offer faster, cheaper cross-border payments

To help fintechs and banks serve customers more efficiently

To strengthen global banking access with local clearing capabilities

📌 The Bigger Picture:

With this acquisition, Banking Circle gains access to Australia’s real-time payment system and adds another key region to its global network — making it easier for businesses to move money across borders.

👉 This deal signals the rise of borderless banking infrastructure built for the digital economy.