PayOp partners with Clear Junction to access European payment networks

By Joy Dumasia

Clear Junction has announced it is working with PayOp to facilitate access to additional payment methods across the UK and EU. The partnership will enable PayOp to improve its merchant offering and expand its client base.

PayOp is a new-generation payment gateway that provides businesses around the globe with more than 450 payment schemes to collect payments. It also offers access to acquiring services (international and local cards), direct debits, eWallets, mobile top-up, cash collection and prepaid cards.

The new partnership helps PayOp enhance its merchant offering by providing additional customer benefits, specifically access to a range of the UK and European payment methods. This, in turn, will help expand PayOp’s client base within SME e-commerce and other sectors that are typically underserved.

Denys Myloserdov, Chief Executive Officer of PayOp, said: “Partnership with Clear Junction will enhance our bank transfer infrastructure, making it more affordable to pay-in and pay-out funds. Such a collaboration leverages payment collections and settlements to clients, thereby improving international and domestic money processing.”

Dima Kats, Chief Executive of Clear Junction, said: “Clear Junction is excited to add PayOp to the network of global financial institutions we provide payments solutions to. By utilising our services, PayOp will join hundreds of other FIs using Clear Junction to maintain their competitive edge, not least because of the time-efficient and cost-effective local European and UK payment methods they can offer their customers. We look forward to developing the partnership with PayOp in the future.”

IBS Intelligence reported that Clear Junction had announced the launch of its Partnership Programme, a brand new initiative that can benefit banks and financial institutions worldwide. They are a UK-based company that provides end-to-end regulated electronic money and payments solutions.