ClearBank has partnered with Airwallex, a payments and financial platform, to enhance Airwallex’s UK services.

The collaboration enables Airwallex to offer virtual business accounts, GBP collections, and Confirmation of Payee (CoP) functionality through ClearBank’s agency banking solution.

This partnership also grants Airwallex access to UK payment schemes, including Faster Payments, BACS (Bankers Automated Clearing System), and CHAPS (Clearing House Automated Payment System), allowing the fintech to provide faster and more secure financial services.

By issuing virtual accounts and IBANs under its own brand identity, Airwallex can streamline global payments and financial operations for businesses.

Vivien Cheung, Head of Financial Partnerships, EMEA at Airwallex, stated,

“ClearBank’s agency banking solution aligns perfectly with our vision, allowing us to enhance our product offering in the UK while maintaining our brand identity.”

John Salter, Chief Customer Officer at ClearBank, added,

“Our unique combination of innovation and security was essential in supporting

the premium customer experience that Airwallex is looking to provide.”

Featured image credit: edited from freepik