Consumer & Commercial Payments
April 26, 2024
ClearBank, the cloud-based clearing bank, this month announced its partnership with e-money scale-up PRIVAT3 MONEY (“P3”). The partnership will improve the experience of clients using P3 accounts and e-wallets for deposits and payments, as well as multi-currency accounts and foreign exchange in the near future. ClearBank’s infrastructure will improve transaction speed and efficiency for P3’s clientele, which is primarily comprised of professionals, entrepreneurs and high net worth individuals.
P3 has chosen to work with ClearBank to deliver these improvements because of the latter’s ability to offer faster customer onboarding, instant account openings and rapid transactions, all through its API-driven solution. The enhanced services will be a prominent feature of P3’s core offering, its e-wallet, which is accessible via Apple and Android smartphones.
“There is now a huge demand for premium financial products and services that can offer a seamless user experience and unparalleled speed to consumers,” said Reda Bedjaoui, CEO of P3.
“We were seeking a partner with a comprehensive tech platform who could streamline our services and allow us to build and innovate again easily, when we are ready for the next stage of growth.
By working with ClearBank, we will be able to exceed our client’s high expectations, helping to provide super-fast onboarding times and digital accounts in the palm of our user’s hands. This will drive a new level of financial freedom among our clients and help underpin the growth of our business.”
“ClearBank is an API-native company, with this technology at the heart of our offering,” said Charles McManus, CEO of ClearBank. “We pride ourselves on working with digital-first firms such as P3 who are looking to differentiate themselves within the competitive fintech and financial services markets. It is great to have the initial offering up and running and we’re looking forward to further developing our partnership with P3 in the coming months and years.”
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