ClearBank and Fiat Republic launch faster euro payments across Europe

ClearBank and Fiat Republic launch faster euro payments across Europe

Jeffrey Morgan
Jeffrey Morgan
2 Min.
Euro sign in front of the European Central Bank headquarters in Frankfurt, Germany, with the building surrounded by trees under a cloudy sky.

ClearBank and Fiat Republic launch faster euro payments across Europe

ClearBank has teamed up with Fiat Republic to expand euro payment services across Europe. The partnership marks the launch of ClearBank’s new SEPA Indirect product, designed to simplify cross-border transactions. Fiat Republic becomes the first client to adopt this solution, aiming to offer faster and more reliable payments to its customers. The SEPA Indirect product allows businesses to issue their own virtual IBANs and operate under their own BICs. ClearBank handles scheme access and settlement, reducing the complexity of direct participation in SEPA. This model is built with strong resilience and compliance measures to ensure security and efficiency.

The collaboration between ClearBank and Fiat Republic was closely coordinated to deliver a smooth implementation. Customers of Fiat Republic will now experience quicker, more dependable cross-border payments. Tristan Kirchner, CEO of ClearBank Europe, highlighted that the partnership aims to eliminate growth barriers by providing trusted euro payment solutions. Adam Bialy, Founder and CEO of Fiat Republic, called the partnership a significant milestone in crypto banking. It grants the company greater operational independence and redundancy. ClearBank also plans to roll out additional products in Europe this year as part of its broader growth strategy.

The new SEPA Indirect offering is now live with Fiat Republic as its first user. The service is expected to enhance payment efficiency for businesses operating across Europe. ClearBank’s continued expansion in the region will introduce further solutions to support financial institutions and their customers.