Airwallex and ClearBank Join Forces to Revolutionize UK Payment Solutions

Airwallex and ClearBank Join Forces to Revolutionize UK Payment Solutions

ClearBank, renowned for its real-time clearing and embedded banking solutions, has recently established a significant partnership with Airwallex, a global financial platform. This collaboration aims to enhance the financial services offered to businesses in the UK by integrating ClearBank’s advanced agency banking solutions.

Partnership Overview

Through this strategic partnership, Airwallex will utilize ClearBank’s agency banking solution to roll out virtual business accounts, facilitate GBP collections, and implement Confirmation of Payee (CoP) functionality. This integration allows Airwallex to provide virtual accounts and International Bank Account Numbers (IBANs) under its own branding, thereby strengthening its financial offerings while ensuring a smooth customer experience.

Key Benefits of the Collaboration

  • Access to UK payment schemes including Faster Payments, BACS, and CHAPS.
  • Enhanced ability for businesses of all sizes to simplify their global financial operations.
  • Seamless integration of innovative technologies to improve financial solutions.

Statements from Leadership

Vivien Cheung, the head of financial partnerships for EMEA at Airwallex, emphasized the importance of this collaboration, stating: “Our priority is to provide businesses with fast, flexible, and seamless financial services. ClearBank’s agency banking solution perfectly aligns with our vision, allowing us to enhance our product offering in the UK while maintaining our brand identity. The team’s deep understanding of our business needs and their speed of execution have been invaluable throughout the partnership development and integration process.”

John Salter, chief customer officer at ClearBank, expressed pride in the partnership, noting: “We’re proud to partner with Airwallex as the business enters its next phase of growth. Our unique combination of innovation and security was essential in supporting the premium customer experience that Airwallex is looking to provide. We look forward to deepening our relationship with Airwallex as we explore further opportunities for collaboration.”

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Conclusion

This partnership between ClearBank and Airwallex marks a significant advancement in the fintech landscape, bringing innovative solutions and improved financial services to the UK market. For more information about ClearBank’s offerings, visit their official website. To learn more about Airwallex’s services, check out their website.

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