Airwallex vs Banking Circle — fees, markets, methods

Airwallex and Banking Circle at a glance

	Airwallex	Banking Circle
Type	Provider	Provider
Headquarters	Singapore	Luxembourg
Founded	2015	2013
Part of		EQT (EQT VIII and EQT Ventures funds)
Countries covered	72	8
Payment methods	96	10
Currencies	42 — AED, AUD, BGN, BHD, BRL, CAD…	23 — AED, AUD, CAD, CHF, CZK, DKK…
Pricing	On request	On request
Settlement	T+N set by payment method and reserve plan; daily batch, intraday option available	Real-time on instant rails (SEPA Instant, Faster Payments, NPP); RTGS same day; SWIFT for other currencies
Regulators	Australian Securities and Investments Commission, Financial Conduct Authority, De Nederlandsche Bank, Monetary Authority of Singapore, Hong Kong Monetary Authority, Hong Kong Customs and Excise Department, FINTRAC, Bank of Lithuania, Kanto Local Finance Bureau, Bank Negara Malaysia, Israel Securities Authority, Banco Central do Brasil, Comisión Nacional Bancaria y de Valores, US state banking regulators	Commission de Surveillance du Secteur Financier (CSSF), Prudential Regulation Authority / Financial Conduct Authority, Danish Financial Supervisory Authority (Finanstilsynet), BaFin, Finansinspektionen, Finanstilsynet (Norway), Finanzmarktaufsicht Liechtenstein (FMA), Australian Prudential Regulation Authority
Categories	Bank Transfer, Banking, Card Issuance, Cards, Cross Border, Gateway, IBAN Issuance	Bank Transfer, Banking, Cross Border, IBAN Issuance
Industries	Fintech, Marketplace, Retail, SaaS, Travel, eCommerce	Crypto, Fintech, Marketplace

Countries

8 in common · 64 only Airwallex · 0 only Banking Circle

Only Airwallex

Only Banking Circle

None — Airwallex covers every country Banking Circle does.

Payment methods

2 in common · 94 only Airwallex · 8 only Banking Circle

Offered by both

SEPA Direct Debit SWIFT

Frequently asked questions

What is the difference between Airwallex and Banking Circle?

Airwallex covers 72 countries and Banking Circle covers 8; they overlap in 8, with 64 served only by Airwallex and 0 only by Banking Circle. Airwallex supports 96 payment methods and Banking Circle 10, 2 of them in common. Airwallex publishes its pricing, while Banking Circle quotes fees per merchant.

Which covers more countries, Airwallex or Banking Circle?

Airwallex has more: Airwallex covers 72 countries and Banking Circle covers 8. Only Airwallex serves Austria, Belgium, Brazil, British Virgin Islands, Bulgaria, Canada and 58 more.

Does Airwallex or Banking Circle support more payment methods?

Airwallex has more: 96 for Airwallex against 10 for Banking Circle, with 2 in common. Only Airwallex offers 7-Eleven, ACH, Affirm, Afterpay, Airi, Airwallex Pay and 88 more. Only Banking Circle offers BECS Direct Debit, CHAPS, Faster Payments, NPP (New Payments Platform), SEPA, SEPA Instant and 2 more.

Is Airwallex cheaper than Banking Circle?

Airwallex quotes fees per merchant. Banking Circle quotes fees per merchant. Which is cheaper depends on your payment methods, countries, volumes and risk profile, so compare quotes from both for your own mix.

Can you use Airwallex and Banking Circle together?

Yes. Many merchants use more than one payment provider — to cover countries or payment methods only one of them offers, or as a backup if one has an outage. A payment orchestration platform can route each payment to whichever provider suits it best.

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