Collaboration between Payabl and ClearBank to bolster UK payment solutions
Payabl, a leading financial technology provider, has partnered with ClearBank to bolster UK business payment services. This collaboration aims to leverage ClearBank's embedded banking infrastructure, focusing on modular technology, API integration, and cloud-native services.
Kristaps Zips, the UK chief executive officer of Payabl, expressed his enthusiasm about the partnership. He looks forward to expanding it to help businesses better serve their customers with fast, flexible, and secure payments. John Salter, chief customer officer at ClearBank, also expressed pleasure about working with Payabl to power their Business Accounts offering.
The partnership aligns with broader industry trends where fintech firms like Payabl integrate with infrastructure banks like ClearBank to modernize and accelerate business payments. Although specific enhancements or new product offerings in this collaboration have not been disclosed in detail, the collaboration is aimed at fueling business growth and unlocking new opportunities for both parties.
Payabl's Business Accounts provide access to an all-in-one dashboard and dedicated client relationship managers, enabling customers to send, receive, and manage multi-currency payments 24/7/365. With this partnership, businesses can now make instant payments, 24/7, securely and with confidence, thanks to the integration with ClearBank's real-time transactions and enhanced fraud prevention measures.
The need for speed and reliability in payments has never been greater, as businesses and consumers demand instant access to funds, faster settlements, and increased security. Instant payments are a necessity for modern businesses, as they keep cash flowing, reduce operational bottlenecks, and enhance customer experience. Faster payments drive faster growth, and Payabl is committed to leading this evolution in the payments landscape.
ClearBank continues to expand its role as a leading provider of embedded banking and real-time clearing infrastructure in the UK and Europe. The ongoing growth and European expansion, signaled by hiring key executives and receiving regulatory licenses, strengthen its platform and capacity to support fintech partnerships like Payabl’s.
The UK's Faster Payments scheme processed nearly 5 billion transactions in 2023, a figure set to exceed 7 billion within a decade. With this partnership, Payabl aims to leverage ClearBank's capabilities to provide enhanced and more efficient payment services tailored for UK businesses.
The collaboration strengthens fraud prevention with Confirmation of Payee (CoP), ensuring recipient account details are verified before funds are transferred, enhancing payment security. Real-time transactions in GBP are now possible through this integration, enabling businesses to access major UK payment schemes: Faster Payments, BACS, and CHAPS.
In summary, the partnership is actively advancing to enhance UK business payment services, with Payabl utilizing ClearBank’s embedded banking infrastructure. While precise new developments or service updates in this alliance have not been disclosed in detail by August 2025, both parties remain committed to delivering cutting-edge financial technology solutions to the UK market.
- This collaboration between Payabl and ClearBank is aimed at fueling business growth and unlocking new opportunities, particularly in the area of UK business payment services.
- With this partnership, businesses can now make instant payments, 24/7, securely and with confidence, thanks to the integration with ClearBank's real-time transactions and enhanced fraud prevention measures.
- The partnership aligns with broader industry trends where fintech firms like Payabl integrate with infrastructure banks like ClearBank to modernize and accelerate business payments.
- Payabl's Business Accounts provide access to an all-in-one dashboard and dedicated client relationship managers, enabling customers to send, receive, and manage multi-currency payments 24/7/365.
- The integration with ClearBank's capabilities is aimed at providing enhanced and more efficient payment services tailored for UK businesses.
- Faster payments drive faster growth, and Payabl is committed to leading this evolution in the payments landscape, working alongside partners like ClearBank to create innovative technology solutions in the finance industry, strengthening partnerships and security while unlocking new opportunities for businesses in the open banking era.
