ClearBank has partnered with Airwallex, a funds and monetary platform, to boost Airwallex’s UK providers.
The collaboration allows Airwallex to supply digital enterprise accounts, GBP collections, and Affirmation of Payee (CoP) performance by way of ClearBank’s company banking resolution.
This partnership additionally grants Airwallex entry to UK fee schemes, together with Quicker Funds, BACS (Bankers Automated Clearing System), and CHAPS (Clearing Home Automated Fee System), permitting the fintech to offer quicker and safer monetary providers.
By issuing digital accounts and IBANs below its personal model identification, Airwallex can streamline world funds and monetary operations for companies.
Vivien Cheung, Head of Monetary Partnerships, EMEA at Airwallex, acknowledged,
“ClearBank’s company banking resolution aligns completely with our imaginative and prescient, permitting us to boost our product providing within the UK whereas sustaining our model identification.”
John Salter, Chief Buyer Officer at ClearBank, added,
“Our distinctive mixture of innovation and safety was important in supporting
the premium buyer expertise that Airwallex is seeking to present.”
Featured picture credit score: edited from freepik