Bridging Traditional and Digital Payment Systems

The integration between Orbital and ClearBank Europe has been designed to enhance the euro-denominated payment infrastructure for enterprise clients. This collaboration aims to improve the efficiency of cross-border payments, reduce transaction costs, and streamline the payment process through SEPA Instant Credit Transfers, International Bank Account Numbers (IBANs), and real-time euro clearing.

Orbital’s officials mentioned that this integration is intended to provide better liquidity management, counterparty identification, and reconciliation by consolidating digital asset and fiat transaction management under one system. This move supports compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations.

The partnership addresses the inefficiencies in traditional cross-border payment infrastructure, such as delays and high costs often associated with systems like SWIFT. It is expected to reduce settlement times and eliminate foreign exchange fees, thus improving overall efficiency for businesses operating internationally.

Orbital chose ClearBank Europe due to its real-time clearing systems, API access, and strong compliance record. While stablecoins are gaining traction in cross-border operations, the integration ensures seamless on- and off-ramps to fiat currencies to maintain end-to-end efficiency.

ClearBank Europe officials stated that this partnership will provide Orbital customers with enhanced access to regulated financial infrastructure, aligning with ClearBank’s goal of supporting platforms operating in both traditional and digital finance sectors.