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YeePay has partnered with ClearBank as its safeguarding bank provider to support its expansion into the UK and European payments markets.
The collaboration is aimed at enabling YeePay to offer merchants seamless access to local, regulated banking infrastructure as they scale internationally. By leveraging ClearBank’s real-time clearing and embedded banking capabilities, the partnership will allow businesses to collect and disburse funds locally, reducing friction and ensuring compliance with regional regulations.
YeePay, which processes over $720 billion in annual transactions across more than 200 countries and regions, is pursuing an international growth strategy anchored on securing local licences in key jurisdictions, including the UK and the Netherlands.
As part of this effort, ClearBank will support YeePay’s applications for Electronic Money Institution (EMI) licences with the Financial Conduct Authority and De Nederlandsche Bank. Upon approval, YeePay will be able to access UK and European payment schemes indirectly and offer local virtual IBANs (VIBANs) to merchants for collections, payouts, and safeguarded funds.
The partnership also strengthens ClearBank’s position as a key banking partner for Asia-based fintechs entering Western markets, particularly those with high transaction volumes and complex cross-border requirements. In addition, ClearBank UK will onboard existing regulated entities within the YeePay group, enabling certain payment services to operate under current regulatory permissions.
YeePay’s leadership highlighted the importance of regulatory alignment and infrastructure readiness in supporting its expansion strategy, noting that access to localised banking services is critical to delivering trusted cross-border payment solutions.
For ClearBank, the deal reflects growing demand from international fintechs seeking scalable infrastructure and regulatory expertise to accelerate market entry across Europe and the UK.
The partnership underscores a broader trend of cross-border collaboration in the fintech sector, as firms increasingly seek local partnerships to navigate regulatory environments, enhance service delivery, and support global merchant growth.
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