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payabl. and ClearBank Join Forces to Enhance UK Payment Services
Leading European financial technology provider payabl. has partnered with ClearBank, an enabler of real-time clearing and embedded banking, to expand its UK payment services and enhance security for businesses.
Through this collaboration, payabl. now provides businesses with seamless access to all major UK payment schemes – Faster Payments, BACS, and CHAPS – enabling real-time transactions in GBP. The integration also strengthens fraud prevention with Confirmation of Payee (CoP), ensuring safer payments by verifying recipient account details before funds are transferred.
The collaboration strengthens payabl.’s Business Accounts offering, reinforcing its commitment to helping UK businesses stay ahead in an evolving payments landscape.
Both ClearBank and payabl. share a commitment to delivering cutting-edge financial technology solutions. With a focus on modular technology, API integration, and cloud-native services, this partnership is fuelling business growth while unlocking new opportunities for collaboration.
Kristaps Zips, UK CEO of payabl., said: “At payabl., we believe strong partnerships drive the best innovations and benefits for customers. Our collaboration with ClearBank embodies this, integrating their services into our platform to enhance choice and security for UK customers. We look forward to expanding this partnership further to help businesses better serve their customers with fast, flexible, and secure payments.”
John Salter, Chief Customer Officer at ClearBank, said: “We are pleased to be working alongside payabl. to allow them to power their Business Accounts offering, and we are proud that we can help more companies experience the unique power of the ClearBank platform. We are equally committed to ensuring we are building and evolving services to strengthen the payments industry for the future, and so this is an exciting collaboration.”
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