PayDo partners with ClearBank for automated currency conversion

By Gloria Methri

ClearBank, the enabler of real-time clearing and embedded banking for financial institutions, has expanded its partnership with PayDo, an EMI offering personalised solutions to businesses and individuals with a suite of financial services.

The partnership enables PayDo customers to convert their transactions into 12 different currencies and gain access to the faster payment network. This step in the partnership means PayDo will now process all GBP clearing through ClearBank.

PayDo’s one-contract, one-dashboard product with a suite of financial services is designed to facilitate fast and secure transactions. With ClearBank’s additional faster payment access, customers can easily send money and make global transactions.

“ClearBank has allowed us to expand our services to individual and corporate clients, and we are thrilled to offer our UK customers the ability to transact in 12 different currencies, which will optimise the flow of payments on our platform. We look forward to continuing our work with ClearBank,” said Alexander Persidsky, Head of Operations, Paydo.

“We are delighted to grow our partnership with PayDo, allowing them to evolve their services to customers. Our technology has allowed them to offer transactions in more currencies and access the faster payment network. We look forward to building on our relationship with PayDo as it continues to expand its offering,” said John Salter, Chief Customer Officer, ClearBank.