Thursday, September 29, 2022

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Ziglu: Partners with ClearBank to offer virtual GBP bank accounts

Ziglu: Partners with ClearBank to offer virtual GBP bank accounts

  • ClearBank is the UK’s first new clearing bank in more than 250 years
  • Announced that it is providing agency banking services to UK-based money app Ziglu
  • Powers Ziglu’s real-time processing and reporting for its GBP virtual accounts, using API and cloud-based solutions
  • The virtual accounts provide Ziglu customers with access to all the UK payments schemes
  • Platform gives Ziglu’s end-customers safeguarded accounts, removing third-party credit risk
  • Payments are cleared in-house and funds, which are held securely at the Bank of England

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