Saxo Payments CEO Joins Emerging Payments Association Advisory Board

Saxo Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term, a global transactions services provider, announced today that its co-founder and Chief Executive Officer Anders la Cour has been appointed to the Emerging Payments Association (EPA) Advisory Board for 2017.

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Nomination Process

Advisory Board members are nominated and elected to the board each year from the existing sponsors according to their ability to lead and influence the payments industry.

La Cour was considered a strong candidate to bring a new perspective to the EPA Advisory Board after being named Emerging Payments Entrepreneur of the Year last October.

He commented: "I hope to bring a unique combination of commercial acumen, M&A experience and an entrepreneurial mindset which will complement the expertise and experience of the other members. And I look forward to getting involved in the debates and discussions that will encourage business and industry to engage with the emerging technologies coming to market.”

Following its launch in 2015, the Saxo Payments Banking Circle has challenged the status quo in the global payments industry, enabling members to make and receive cross border transfers in seconds instead of days, while eliminating the need to establish multiple banking relationships.

Growing Membership

A steady stream of new members have signed up to reap the benefits of the web-based payment solution, including international financial service provider Tramonex, which embarked on a partnership with Saxo Payments to promote more cohesive cross-border transfers for its clients, as reported by Finance Magnates back in September.