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Clear2Pay’s Open Payment Framework Chosen Payments Technology for The Bank of Tokyo-Mitsubishi UFJ, Ltd.

Clear2Pay, the international technology provider of next generation payment solutions for financial institutions announces that The Bank of Tokyo-Mitsubishi UFJ, Ltd. have opted for its open payment framework (OPF) technology to power a new centralised European payments platform.

“As we were in the middle of our orientation process for SEPA solutions, we opted for a central hub approach in order to match the need to implement SDD. Clear2Pay had besides the right technology and the process orientation a responsive attitude that matches our ambition, objectives and management style. They have been professional and efficient and have embraced the project in a collaborative manner, which is very important when embarking on a longer term strategic exercise, such as the European payments platform”, stated Mr Tetsuya Hirano, Vice-President, Transaction Services Group, European Planning Division at The Bank of Tokyo-Mitsubishi UFJ, Ltd.

Mark Hartley, managing director UK and Nordics stated: “We are delighted to work with The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a very lean run bank, operating in a highly competitive landscape. The open payment framework is the perfect scalable fit for such an agile environment. We are able to migrate and implement over time towards a platform that will sit at the heart of its European activities, managing both UK Sterling and Euro payments across a range of types on one single platform.”