Payset and ClearBank partner for local and cross-border payments

By Gloria Methri

Payset has partnered with ClearBank to allow it to access the UK payment system for both local and cross-border transactions.

The partnership with ClearBank allows Payset to offer improved business and individual accounts to clients in all its supported jurisdictions. Payset clients will now have a UK bank account and sort code, can clear payments through UK schemes and make virtual account payments in multiple currencies.

Payset will also now be able to offer instant FX services, improving its clients’ currency exchange service.

“We are delighted to welcome Payset to ClearBank. It has built an impressive team and a first-class technology stack to support its expansive client list. With Payset’s bank code, they will be able to offer their clients GBP payments and clearing services as well as instant FX and MCCY payments from ClearBank. We aim to support Payset to expand into new markets and client verticals as well as growing their EU business,” said John Salter, Chief Customer Officer, ClearBank

“Partnering with ClearBank was an obvious choice, as we are aligned in so many ways. We share a vision of how service should be delivered and how we can create innovative solutions that meet the needs of our clients,” added Perry Asforis, Managing Director, Payset. “The partnership with ClearBank will enable us to provide a range of products and services and deepen our client relationships, as well as attract new ones. We are hugely excited by the partnership and look forward to continuing our growth journeys together.”