ClearBank taps PayCaptain to launch real-time salary payments

By Vriti Gothi

ClearBank has partnered with PayCaptain to introduce real-time salary payments and embedded savings accounts for more than 50,000 employees across over 300 corporate clients in the retail and hospitality sectors.

This collaboration marks a step in ClearBank’s mission to expand embedded financial services across new industries, as PayCaptain becomes the bank’s first non-financial services Embedded Banking partner in the corporate sector.

Amid growing financial pressures, nearly a quarter of UK adults report having £200 or less in savings, while one in six, equating to around 8.4 million people, have no savings at all. In response, the partnership seeks to transform how employees manage and build financial resilience by embedding savings functionality directly into the payroll experience.

Through PayCaptain’s intuitive mobile application, employees will be able to automatically allocate a portion of their earnings into ClearBank-powered savings accounts. The integration combines the immediacy of real-time payroll payments with the security and transparency of FSCS-protected savings, offering employees a seamless and proactive way to improve their financial well-being.

Built on ClearBank’s modern, resilient and secure Embedded Banking platform, the initiative delivers not only competitive interest rates but also the confidence of banking with a regulated institution that prioritises technological excellence and operational reliability.

Emma Hagan, Chief Executive Officer at ClearBank UK, said, “Delivering our first embedded banking partnership with a corporate customer reflects our ambition to bring our platform to new customer segments, enabling the delivery of differentiated services at scale. PayCaptain’s shared belief in the power of technology to improve financial outcomes has allowed us to develop an innovative system that can modernise salary payment options. This partnership is a strong example of how ClearBank is unlocking our clients’ potential through secure, real-time banking infrastructure, and we are excited about what this relationship will bring in the future.”

Simon Bocca, Chief Executive Officer at PayCaptain, added, “We’re on a mission to empower individuals to take control of their earnings by providing the tools and insights they need to manage their finances efficiently. ClearBank was the natural choice to power our embedded savings service with their combination of resilience, scale and technology innovation. This is just the first step in our partnership. We’re excited to have our customers using ClearBank’s services and look forward to collaborating on more innovative financial solutions together.”