FIFA Clearing House (FCH) has partnered with Banking Circle in a move anticipated to streamline the payment of training rewards relating to international player transfers in the footballing world.

It is understood that the payment bank’s digital infrastructure will give FCH access to direct clearing services with central banks in a move which resonates with its aim to centralise and automate payments between clubs.

“We are delighted to be working with the FCH and supporting FIFA in its ongoing commitment to introducing fundamental changes to the football transfer system”, said Banking Circle chief executive Laust Bertelsen. “Utilising Banking Circle’s accounts and payment rails will enable the FCH to streamline the payment process, while also reducing the costs and time incurred with each payment for the benefit of the football community.”

FCH has operated out of Paris since November 2022 when it was granted a licence to operate as a payments institution by the French regulator.

The company was established as part of FIFA’s transfer system reform measures intended to “promote and protect” the integrity of professional football.

Commenting on the new partnership, FCH president and chief executive Frans van Proosdijj said: “Banking Circle provides us with direct access to clearing in multiple countries, meaning faster, more cost-effective and more transparent international payments for all clubs, thereby making a valuable contribution to FCH operations.”

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