ClearBank Partners with PingPong to Boost UK and European Payment Capabilities

ClearBank, a real-time clearing and embedded banking platform, has announced a partnership with PingPong, a leading provider of cross-border embedded payments for enterprises, financial institutions, and SaaS platforms.

Through the collaboration, PingPong will use ClearBank’s local agency banking solution to expand its UK services—offering virtual business accounts, GBP collections, and Confirmation of Payee (CoP). With ClearBank’s cloud-native infrastructure, PingPong can now issue branded virtual accounts and IBANs, and gain near real-time access to Faster Payments, BACS, and CHAPS.

The partnership also unlocks future European expansion for PingPong via ClearBank’s European banking licence, aligning both firms on a shared mission of global growth.

Alex Young, FI Partnerships Lead at PingPong, said ClearBank’s direct scheme access eliminates intermediaries and enhances transparency, speed, and control for enterprise clients. ClearBank CEO Mark Fairless highlighted the partnership as a testament to ClearBank’s reliable API-based platform and its growing role in enabling cross-border payments across regions.