Kroo: Taps Clearbank for access to payment schemes
- Kroo currently operates a Debit MasterCard for existing customers. This is an e-money debit card, not a bank current account
- ClearBank is the UK’s first new clearing bank in more than 250 years
- Recently secured a full UK banking license, and ClearBank will continue to support its mission
- Began as an Electronic Money distributor providing a digital-only prepaid card
- ClearBank has worked with for the duration of its journey towards becoming a fully regulated bank
- This approach eases one of the burdens of banking license applications by confirming to regulators
