ClearBank, a real-time clearing and embedded banking enabler, has announced a strategic partnership with Airwallex, a financial platform for businesses. This collaboration allows Airwallex to leverage ClearBank's agency banking solution, enabling it to enhance its UK offerings with virtual business accounts, GBP collections, and Confirmation of Payee (CoP) functionality. Through ClearBank’s infrastructure, Airwallex can issue virtual accounts and IBANs under its brand, providing seamless customer branding and access to UK payment schemes, including Faster Payments, BACS, and CHAPS. The partnership aims to streamline financial operations, accelerate global payments, and create new growth opportunities for businesses.
The collaboration reflects the shared goal of delivering innovative financial services that combine fintech flexibility with traditional banking security. ClearBank’s cloud-based platform ensures efficient integration, enabling Airwallex to offer faster and more cost-effective payments. Vivien Cheung, Head of Financial Partnerships at Airwallex, praised ClearBank’s alignment with Airwallex’s vision for fast, flexible financial services, while ClearBank’s Chief Customer Officer, John Salter, highlighted the partnership’s role in supporting Airwallex’s growth phase.
