In brief: Joompay expands and becomes a partner of Banking Circle

Joompay, a Russian P2P instant mobile payment service developed by the e-commerce platform Joom, has made its way into Europe. It has managed to build a solid user base and has just signed a partnership with Banking Circle, with the aim of further developing the service.

Founded in 2019, FinTech Joompay is an electronic money institution. It has just passed the 250,000 user mark; the service is particularly popular with users in France, Spain and Germany.

Its partnership with the Banking Circle bank was announced on the occasion of this new milestone. This partnership is presented as a way for Joompay to enrich the payment experience of its users, thanks to its APIs. Banking Circle will provide Joompay with access to local payment solutions (particularly instant bank transfers) for its merchant customers.