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Paysafe partners with Bankable to provide omnichannel banking services
Jul 21, 2021
Bankable appointed as Paysafe’s core banking partner
London, UK: Paysafe (NYSE: PSFE), a leading specialised payments platform, today announces a new partnership with Bankable, a global architect of ‘banking-as-a-service’ solutions. Through the global agreement, the two companies will collaborate to launch a broad range of integrated, omnichannel banking services from Paysafe.
Bankable provides a scalable and secure API and white-labelled platform which supports companies to deploy targeted solutions, drive revenues and reduce costs using its banking-as-a-service solution. This will serve as Paysafe’s new core banking platform, providing the company with supporting technology to advance its payments infrastructure. This will in turn enable Paysafe to enhance the value-added services it provides to customers in specialised industries around the world.
Paysafe has previously collaborated with Bankable on its card issuing services including the roll-out of prepaid cards for the British Red Cross in 2020. This latest development in the partnership is the first extension into the area of banking-as-a-service solutions.
Noah Sharp, Chief Banking Officer at Paysafe, commented: “At Paysafe we’re progressing a number of innovative banking-as-a-service initiatives and broadening our network of relationships with leading banks, and we have a lot of exciting plans up our sleeve. To work with a strong, proven partner like Bankable, and the highly experienced team they bring, is an important component of our delivery in this area.”
Eric Mouilleron, Founder & CEO of Bankable added: “We very much value our multi-layered partnership with Paysafe and we’re delighted to announce this extension as we become the company’s core banking partner. Paysafe is an ambitious organisation with some exciting plans ahead and we are looking forward to supporting the company in the launch of its banking services on a global scale.”
Bankable is a global digital banking and payments platform. We help financial institutions, corporates and FinTechs deploy, orchestrate and operate highly differentiated payment solutions with quick time-to-market.
We provide an exhaustive range of digital banking and payment solutions under a “Banking as a Service” model. Our core digital banking platform is available in white-label or via APIs, enabling our clients to quickly deploy banking solutions – including digital banking solutions, virtual account solution, payment processing services, card programmes and mobile wallet services.
Our motto is: “quick time-to-market”
Bankable’s rapid implementation approach enables clients to generate revenues faster, increasing their valuation and attractiveness. By promoting pilot-based-experimentation, Bankable allows its customers to quickly launch, test and validate a new service before moving towards a seamless deployment.
About Paysafe Limited
Paysafe Limited (“Paysafe”) (NYSE: PSFE) (PSFE.WS) is a leading specialised payments platform. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet, and online cash solutions. With over 20 years of online payment experience, an annualised transactional volume of US $92 billion in 2020, and approximately 3,400 employees located in 12+ global locations, Paysafe connects businesses and consumers across 70 payment types in over 40 currencies around the world. Delivered through an integrated platform, Paysafe solutions are geared toward mobile-initiated transactions, real-time analytics and the convergence between brick-and-mortar and online payments. Further information is available at www.paysafe.com.
Anna Howard, Director of Communications, Europe and Asia, Paysafe