Paysafe has extended its partnership with Bankable to roll out a wide array of integrated, omnichannel banking services.
Paysafe, which earlier teamed up with Bankable for card-issuing services, has now named the company as its new core banking partner.
Paysafe will leverage the technology vendor’s banking-as-a-service solution to implement targeted solutions, drive revenues and slash costs.
It will also use Bankable’s solution to develop its payment infrastructure.
Bankable founder and CEO Eric Mouilleron said: “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.”
Paysafe chief banking officer Noah Sharp said: “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.”