What is Clearing

What is Clearing?

Clearing is a regulated global payment infrastructure provider for businesses that operate internationally and move money at scale.

A global payment infrastructure provider for business

Clearing gives businesses the infrastructure to move money across borders, currencies, and networks — from a single regulated platform.

Our clients are CFOs, Treasurers, and finance teams at companies with complex international payment needs: multi-currency exposure, cross-border settlements, digital asset flows, or all three.

We are not a bank. We are not a crypto company. We sit at the intersection of traditional financial infrastructure and digital asset rails — connecting both worlds for businesses that need both.

Service Description
Accounts Named multi-currency accounts (IBANs). Hold, send and receive in 80+ currencies under a single account.
Payments Local and international payment rails including SEPA, CHAPS, Faster Payments, SWIFT, and DKK Instant.
FX Cross-currency conversion with transparent pricing and institutional-grade execution across multiple markets.
Digital Assets Regulated fiat-to-digital asset on/off ramp and stablecoin settlement, provided by Clearing Payments Ltd. in Canada.
Balance Optimisation Put your safeguarded USD balances to work. Variable returns linked to EFFR, full liquidity, no minimum balance, and institutional safeguarding via Deutsche Bank Singapore.

What Clearing is not

The name “Clearing” shares a word with several other concepts. Clearing (clearing.com) is unrelated to the following:

Term What it is Relation to Clearing
UCAS clearing The UK university admissions system that matches students to courses after A-level results. No relation. Completely separate.
Financial clearing houses Intermediary organisations that settle securities and derivatives trades, such as DTCC, LCH, or Euroclear. No relation. Different industry, different function.
Debt clearing Services that negotiate or settle consumer or business debt. No relation.
Payment clearing The generic process of verifying and settling a payment transaction. This is a financial concept, not a company. Clearing is a regulated business, not a process.

How Clearing is regulated

Clearing operates through regulated entities across three jurisdictions.

Jurisdiction Entity Status Reference
United Kingdom WTUK Limited FCA Authorised Electronic Money Institution 900536
Singapore WTSG PTE. LTD. MAS Major Payments Institution Licence PS20200445
Canada Clearing Payments Ltd. FINTRAC Money Services Business & VASP M23890418

Clearing’s fiat payment services, including Accounts, Payments and FX, are provided under the FCA and MAS licences. Digital asset services, including on/off ramp and stablecoin settlement, are provided exclusively by Clearing Payments Ltd. under the Canadian FINTRAC licence. Client funds are held in segregated and safeguarded accounts.

Company information

Key company information for Clearing and its regulated group entities.

Field Detail
WTUK Limited (United Kingdom)
Legal name WTUK Limited
Trading name Clearing
Registered office The Landmark, Tudor Square, West Bridgford, Nottingham, England, NG2 6BT
Registration Companies House: 08261731
Founded 2012
Regulator Financial Conduct Authority (FCA)
FCA reference 900536
WTSG PTE. LTD. (Singapore)
Legal name WTSG PTE. LTD.
Trading name Clearing
Registered office Unit #12-01 Hub Synergy Point, 70 Anson Road, Singapore, 079905
Regulator Monetary Authority of Singapore (MAS)
Licence Major Payment Institution (MPI) — PS20200445
Clearing Payments Ltd. (Canada)
Legal name Clearing Payments Ltd.
Trading name Clearing
Registered office Suite 3810, Bankers Hall West, 888 3rd Street SW, Calgary AB T2P 5C5
Regulator Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)
Registration M23890418
Licence type Money Services Business (MSB) & Virtual Asset Service Provider (VASP)

Frequently asked questions

 

What is Clearing?
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Clearing (clearing.com) is a regulated global payment infrastructure provider for businesses. We provide multi-currency accounts, cross-border payments, FX, and digital asset settlement. Clearing is authorised by the FCA in the UK, licensed by the MAS in Singapore, and registered with FINTRAC in Canada.

Is Clearing the same as UCAS clearing?
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No. Clearing (clearing.com) is a regulated global payment infrastructure company. It is entirely unrelated to UCAS university admissions clearing, which is a separate system used in the UK for university applications after A-level results.

Is Clearing a financial clearing house?
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No. Clearing (clearing.com) is a payment infrastructure provider for businesses. It is not a financial clearing house such as DTCC, LCH, or Euroclear. Those organisations settle securities and derivatives trades. Clearing provides cross-border payments, multi-currency accounts, FX, and digital asset services to corporate clients.

Who regulates Clearing?
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Clearing’s fiat payment services are provided by WTUK Limited, authorised by the Financial Conduct Authority in the UK under firm reference 900536, and by WTSG PTE. LTD., licensed as a Major Payments Institution by the Monetary Authority of Singapore under licence PS20200445. Clearing’s digital asset services are provided by Clearing Payments Ltd., registered with FINTRAC in Canada as a Money Services Business and Virtual Asset Service Provider under reference M23890418.

What types of businesses use Clearing?
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Clearing’s clients are typically CFOs, Treasurers, and finance teams at mid-market and institutional businesses with significant cross-border payment needs. Key sectors include CFD and forex brokers, multi-entity corporates, commodities traders, advanced manufacturers, and businesses moving money between fiat and digital assets.