ClearBank, a UK-based real-time clearing and embedded banking provider, has recently entered into an agreement with Tazapay, a cross-border payments infrastructure company headquartered in Singapore.
This partnership marks ClearBank’s first client based in Singapore and its fifth non-resident, Asia-headquartered firm to be onboarded in 2026. The move underlines the increasing demand from regulated payment companies across Asia for access to UK and European clearing services.
As part of their collaboration, ClearBank will offer Tazapay direct entry into its UK and European payment networks, facilitating real-time settlements and compliant fiat interoperability among Tazapay’s clients. This integration seamlessly connects ClearBank’s cloud-native clearing infrastructure with Tazapay’s unified global payments platform.
Tazapay’s Global Presence and Growth
Tazapay serves merchants in over 170 countries, supports more than 80 local payment methods, and provides virtual multicurrency accounts along with localized payout services in more than 100 markets. The company handles billions of dollars in annual transaction volumes and has experienced significant growth year-over-year.
Moreover, this partnership between ClearBank and Tazapay is instrumental for Tazapay’s European expansion as it enables bank-grade clearing infrastructure without the need for separate direct integrations with individual European payment systems.
Regarding the partnership, Mark Fairless, CEO of ClearBank, stated that it presents new opportunities to support a business in its international growth. He also noted that ClearBank’s instant payment solutions and scheme access make it an ideal partner for Tazapay’s expansion. Rahul Shinghal, CEO and Co-Founder of Tazapay, agreed, highlighting ClearBank’s reliability as the perfect fit for this step.
Earlier, YeePay chose ClearBank to be its safeguarding bank provider in the UK and Europe, aiding it during its EMI licence application process with regulatory bodies like the FCA and De Nederlandsche Bank. Not long before, ClearBank secured MiCAR CASP status from the AFM as one of the first Dutch credit institutions to complete a MiCAR notification.
