SafeCharge, a provider of payments services and technology, has joined the Saxo Payments Banking Circle to simplify cross border settlement accounts.

The partnership will allow SafeCharge to offer its clients fast and cost-effective banking services in multiple currencies.

By joining the Saxo Payments Banking Circle, SafeCharge will be able provide its clients bank accounts under its own brand, with the ability to settle in multiple currencies, the companies said in a statement.

This collaboration will enable SafeCharge to deliver faster transactions, regardless of international borders, reduce costs on currency conversions and transfers worldwide and also offer its merchants certainty in their international transfer costs.

SafeCharge CEO David Avgi said: "We are adding Saxo Payments to our partners network as part of our strategy to broaden our payments offering. Saxo Payments offers us the global payments services we need under one roof supporting our business and worldwide client base.

"Through this partnership we can expand our merchants business by offering a reduced rate, cross border payment solution, which is essential in a global market."

Saxo Payments CEO Anders la Cour said: "We are proud to be selected by SafeCharge to deliver a smart cross border settlement account for its premium client base. This is a key milestone in our global distribution plan."