ClearBank, a company that provides real-time payment and banking services, has partnered with Tazapay, a fast-growing payments company from Singapore. This partnership will help improve payment connections between Asia and Europe.
Tazapay has become ClearBank’s first client from Singapore and its fifth Asian client this year. This shows that more fast-growing and regulated payment companies are looking for real-time payment solutions in the UK and Europe.
Through this partnership, ClearBank UK will give Tazapay access to its payment systems in the UK and Europe. This will allow faster and real-time transactions for Tazapay’s customers.
This collaboration will help Tazapay expand globally by connecting its platform to important European markets, while ensuring secure and reliable banking services.
Tazapay is a payments company based in Singapore that helps businesses send and receive money across different countries. It works with merchants and platforms in more than 170 countries.
The company supports over 80 local payment methods, offers multi-currency virtual accounts, and enables local payouts in more than 100 markets. It handles billions of dollars in payments every year and has been growing very fast, with strong year-on-year growth.
“Supporting Tazapay creates new opportunities for ClearBank to support a business with a rapidly expanding international presence. It is also another major deal for ClearBank with a leading Asian business, and our first with a Singapore client, as we continue to build our global reputation. With our shared desire to blend innovation and regulation, I am sure that this is just the start of what will be a successful long-term partnership, said Mark Fairless, Group CEO, ClearBank
“This expansion is a major milestone for Tazapay as we continue to share our payments infrastructure across the world. ClearBank’s ability to provide instant payments, access to a wide range of schemes, and bank-grade oversight and reliability made it the ideal partner to support this step. We have been impressed by the quality and speed of the service and look forward to seeing the partnership continue to grow as we increase the flow of payments through our platform,” said Rahul Shinghal, CEO and Co-founder, Tazapay
This partnership shows a bigger trend in global payments, where fintech companies and infrastructure providers are working together to offer faster and safer cross-border payments.
As more businesses need real-time and transparent payment systems, partnerships like this will become more important and will help shape the future of international trade.
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