The partnership also includes plans for Visa Direct, Visa’s money movement solution, with ClearBank looking to issue Visa cards to customers in the U.K.
Visa is partnering with ClearBank for issuance and money movement solutions.
“By utilising ClearBank’s cloud native banking infrastructure, Visa could soon benefit from its real-time payment processing, enhanced transaction visibility and a streamlined reconciliation process when processing transactions in the UK and Europe,” the companies said in a news release Tuesday.
The partnership also includes plans for Visa Direct, Visa’s money movement solution, with ClearBank looking to issue Visa cards to customers in the UK.
“ClearBank has seen strong growth in the U.K., and we are thrilled about the prospect of collaborating with them across multiple areas including issuing Visa cards and enabling real-time international money movement,” said Mandy Lamb, Visa’s managing director for the U.K. and Ireland.
“This is a great example of how we can work with partners to deliver the tools and services they need to help them expand their business.”
The collaboration comes nearly three months after ClearBank announced it had expanded from the UK. to Europe after receiving a banking license in the Netherlands.
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