ClearBank, the global payment firm, has announced a new partnership with Singaporean payments infrastructure provider Tazapay to strengthen payment flows between Asia and Europe.
The partnership makes Tazapay ClearBank’s first Singaporean client and fifth non-resident, Asian headquartered client to onboard this year and reflects growing demand from high-growth, regulated payments companies for real-time clearing capabilities across UK and Europe, ClearBank said in a statement on Wednesday.
Through the collaboration, ClearBank UK will provide Tazapay with access to its United Kingdom and European payment rails, enabling real-time settlement and compliant fiat interoperability for Tazapay’s clients.
This marks a significant step in Tazapay’s continued global expansion, connecting its payments platform to key European corridors with bank-grade reliability.
Tazapay is a Singapore-headquartered cross-border payments infrastructure provider serving merchants and platforms in more than 170 countries.
The company supports over 80 local payment methods, multicurrency virtual accounts and local payouts in over 100+ markets, processing billions of dollars in annual payment volume and delivering triple-digit year-on-year growth.
The integration connects ClearBank’s cloud-native clearing infrastructure directly into Tazapay’s single-API global payments platform, enabling seamless, compliant cross-border money movement and increased payment flows.
The partnership also builds on Tazapay’s expanding multijurisdictional regulatory footprint, with active licenses in Singapore, US, Canada, and Australia, and further approvals underway across Europe, United Arab Emirates (UAE), and Hong Kong.
“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 Chief Executive Officer, ClearBank.
Rahul Shinghal, Chief Executive Officer and Co-founder, Tazapay, said this expansion is a major milestone for Tazapay as they continue to share their 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,” he added.
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