PayDo selects ClearBank for automated currency conversion
ClearBank, the enabler of real-time clearing and embedded banking for financial institutions, today announced it has expanded its partnership with PayDo, an Electronic Money Institution (EMI), offering personalised solutions to businesses and individuals with a suite of financial services.
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The partnership with ClearBank will allow PayDo customers to convert their transactions into 12 different currencies and gain access to the faster payments network. This step in the partnership means PayDo will now process all GBP clearing through ClearBank.
PayDo’s one-contract, one-dashboard product with a suite of financial services is designed to facilitate fast and secure transactions. With the additional faster payment access enabled by ClearBank, their customers can easily send money and make global transactions.
Alexander Persidsky, Head of Operations, PayDo: “ClearBank has allowed us to expand our services to individual and corporate clients, and we are thrilled to offer our UK customers the ability to transact in 12 different currencies, which will optimise the flow of payments on our platform. We look forward to continuing our work with ClearBank.”
John Salter, Chief Customer Officer, ClearBank: “We are delighted to grow our partnership with PayDo, allowing them to evolve their services to customers. Our technology has allowed them to offer transactions in more currencies and access the faster payments network. We look forward to building on our relationship with PayDo as it continues to expand its offering.”