• Integration brings leading agency banking solutions, including Faster Payments, BACS, and CHAPS services, to PingPong’s enterprise customers
• Leading cross-border payment company joins growing number of major fintechs choosing ClearBank’s local agency banking services in the UK
• Partnership will support both companies’ strategic goals and bolster their global growth ambitions with opportunities for further collaboration and scaling across Europe    

ClearBank, the enabler of real-time clearing and embedded banking, has today announced its partnership with PingPong, the leading provider of embedded cross-border payment solutions for enterprises, financial institutions, and SaaS companies. Through this collaboration, PingPong will leverage ClearBank’s local agency banking solution to enhance its UK offering with virtual business accounts, GBP collections, and Confirmation of Payee (CoP) functionality.

ClearBank’s cloud-based solution will allow PingPong to issue virtual accounts and IBANs under its own brand identity. PingPong will also now have near real-time access to UK payment schemes, including Faster Payments, BACS, and CHAPS, strengthening its mission to simplify global commerce by providing efficient, secure, and cost-effective payment solutions. 

The partnership will provide it with the potential for further European expansion using ClearBank’s European banking licence, as both companies aim to deliver on their key strategic goal of continued international growth.

PingPong’s choice of ClearBank demonstrates its emerging position as the preferred provider for major fintechs looking to enhance their local payment capabilities across the UK and European region. ClearBank sees international markets as a priority for expansion, with rapidly evolving payments ecosystems aligning well with ClearBank's technology-driven approach.