ClearBank expands APAC reach with Tazapay deal

By Parth Prabhudesai

ClearBank has partnered with Tazapay, marking its first client onboarding in Singapore as it continues to expand its footprint across the Asia Pacific region.

Tazapay provides cross-border payment infrastructure connecting businesses to local payment networks in over 170 markets. Through this partnership, ClearBank will offer access to its UK and European payment rails, enabling real-time settlement and compliant fiat interoperability for Tazapay’s clients.

The integration allows Tazapay to move funds across the UK and Europe using ClearBank’s API-based infrastructure, reducing reliance on traditional correspondent banking networks. This is expected to improve transaction speed, transparency, and cost efficiency for businesses handling international B2B payments.

Tazapay, led by co-founder and CEO Rahul Shinghal, also maintains partnerships with Volt to support real-time reconciliation, fraud prevention, and open banking services across Europe.

The onboarding of Tazapay reflects growing demand among Asian fintech firms for direct access to regulated payment infrastructure in Europe. ClearBank noted that Tazapay is the fifth non-resident, Asia-headquartered client it has onboarded this year, following partnerships with firms such as PingPong Payments, PhotonPay, and YeePay.

The development comes as ClearBank marks ten years since its launch. In its 2025 financial results, the bank reported a 34% year-on-year increase in group revenue and a 65% rise in total managed deposits to £17.8 billion.

The partnership highlights ClearBank’s strategy to expand its embedded banking services globally, supporting payment institutions with scalable and compliant infrastructure for cross-border transactions.