Viva Wallet chooses ClearBank as its UK banking partner

By Aisling Finn on Monday 13 July 2020

Digital Banking

The partnership will see Viva Wallet further expand its payment provisions in the UK.

Viva Wallet chooses ClearBank as its UK banking partner
Image source: Charles McManus/ClearBank

Cloud-based digital payment provider Viva Wallet has today revealed that it has chosen clearing bank ClearBank as its UK banking partner. 

The partnership will allow Viva Wallet to expand its services on offer through the integration of ClearBank’s fully regulated banking services. 

Founded in 2000 in Greece, Viva Wallet offers businesses two dozen different ways of how to pay and get paid through its card terminals, bank accounts and debit card offerings. 

Haris Karonis, CEO of Viva Wallet, said: “As we accelerate as a business, we needed to ensure we had the right provider that could support our growth.”  

“As a likeminded business, we have found a long-term provider in ClearBank and I look forward to a close working relationship.”  

Viva Wallet currently operates in 17 markets across Europe, with offices in 14 of those countries, and is a principal member of Visa, Mastercard and American Express. 

Charles McManus, CEO of ClearBank, said: “We look forward to supporting Viva Wallet for the next phase of its growth and ultimately, enabling businesses to access better ways of making and receiving payments.”   

In the last month alone, ClearBank has integrated with two other fintechs to help them build their digital platforms.  

A month ago, Recognise, a bank being built by the City of London Group, picked ClearBank to handle its APIs ahead of its launch later this year. 

Earlier this month, agriculture-focused lender Oxbury chose ClearBank to build the specialist bank’s online platform

Just last week ClearBank also appointed a new chief financial officer and a chief information officer. 

James Hopkinson, who has over two decades of experience in the industry, will take up the new role of CFO at ClearBank following his exit from Standard Chartered. 

The new CIO, Stuart Morely, joins from venture capital firm Eight Roads, which specifically targets fintechs, following a 25-year-long career in the industry.  

Sign up for our newsletters

Your daily 7am download of all things alternative finance and fintech.

Fintech and alternative finance headlines with an exclusive Editor's Note each week. Delivered Monday at midday.

AltFi's new weekly US newsletter breaking down the ins and outs of America's burgeoning fintech sector. Delivered Monday 9am EST/ 6am PST.