The partnership will allow 3S Money’s corporate clients to hold multiple currencies in their accounts and make faster, more flexible payments in USD, EUR, GBP, and EEA currencies via ClearBank’s API. This will help them to launch local account capabilities, to scale into new markets, save time and increase their revenue. The partnership will also allow 3S Money’s clients to provide USD transactions, entering the American market.
3S Money and ClearBank are focused on easing the friction for these businesses around enabling cross-border payments, which typically include high costs, low speed, limited access, and insufficient transparency. These prohibitive factors have historically made international expansion very difficult for mid-sized businesses, who are expected to operate consistently from one region to another, in line with customer expectations.
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