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Banking Circle, the tech-led payments bank, has joined forces with the FIFA Clearing House (FCH) to process and streamline the payment of training rewards (solidarity mechanism and training compensation) corresponding to international player transfers in an efficient and secure manner, in line with the mission of the FIFA subsidiary.
Thanks to Banking Circle, the FCH will have access to direct clearing with central banks and a solid worldwide banking network, with the ultimate objective of centralising and automating payments between clubs, while promoting financial transparency in the transfer system.
“We are delighted to be working with the FCH and supporting FIFA in its ongoing commitment to introducing fundamental changes to the football transfer...
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