Airwallex bolsters its UK payment capabilities with ClearBank partnership

• Integration encompasses cutting-edge agency banking solutions, including Faster Payments, BACS, and CHAPS services, streamlining access to UK payment rails

• Partnership will support both companies’ growth ambitions with opportunities for further collaboration

LONDON - 14 January 2025 – ClearBank, the enabler of real-time clearing and embedded banking, today announced its partnership with Airwallex, a leading global payments and financial platform for modern businesses. Through this collaboration, Airwallex will leverage ClearBank's agency banking solution to enhance its UK offering with virtual business accounts, GBP collections, and Confirmation of Payee (CoP) functionality.

ClearBank has enabled the global fintech to issue virtual accounts and IBANs under its own brand identity. This reinforces Airwallex’s robust financial platform, while also allowing the company to maintain seamless customer branding. Through the partnership, Airwallex will have access to UK payment schemes, including Faster Payments, BACS, and CHAPS, accelerating Airwallex's strategic goal of helping businesses simplify their global payments and financial operations, unlock new opportunities, and grow without limits.

The partnership is founded on the companies’ shared ambition to utilise innovative technology to bring streamlined financial services to more customers in new markets. It also highlights a growing demand for innovative financial solutions that combine the flexibility of fintech with the security of traditional banking. ClearBank’s cloud-based approach allows for efficient integration, enabling Airwallex to deliver the features and functionality businesses need to make payments faster and more cost-effective.

Vivien Cheung, Head of Financial Partnerships, EMEA at Airwallex, said: “Our priority is to provide businesses with fast, flexible and seamless financial services. ClearBank’s agency banking solution aligns perfectly with our vision, allowing us to enhance our product offering in the UK while maintaining our brand identity. The team’s deep understanding of our business needs and their speed of execution have been invaluable throughout the partnership development and integration process.”

John Salter, Chief Customer Officer at ClearBank, said: “We’re proud to partner with Airwallex as the business enters its next phase of growth. Our unique combination of innovation and security was essential in supporting the premium customer experience that Airwallex is looking to provide. We look forward to deepening our relationship with Airwallex as we explore further opportunities for collaboration.”

**ENDS**

Notes to editors

About Airwallex Airwallex is a leading global financial platform for modern businesses, offering trusted solutions to manage everything from payments, treasury, and spend management to embedded finance. With our proprietary infrastructure, Airwallex takes the friction out of global payments and financial operations, empowering businesses of all sizes to unlock new opportunities and grow beyond borders. Proudly founded in Melbourne, Airwallex supports over 100,000 businesses globally and is trusted by brands such as Brex, Rippling, Navan, Qantas, SHEIN and many more. For more information, visit http://www.airwallex.com.

Airwallex (UK) Limited, is an electronic money institution authorised by the Financial Conduct Authority with registration number 900876.

Airwallex (Netherlands) B.V. is an electronic money institution authorised by De Nederlandsche Bank in the Netherlands with licence number R179622.

If you have any questions or would like to request further information, please contact [email protected]. 

About ClearBank ClearBank is a purpose-built, technology-enabled clearing bank. Through its banking licence and intelligent, robust technology solutions, ClearBank enables its partners to offer real-time payment and innovative banking services to their customers.

ClearBank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 754568).

ClearBank Europe N.V. is authorised by the European Central Bank (ECB) and supervised by the De Nederlandsche Bank (DNB).

Visit www.clear.bank for more information.