Modulr gains direct CHAPS participation, reducing settlement friction for UK payments.

Modulr announced a strategic partnership on August 19, 2026.

Primary

Modulr

Date

August 19, 2026

Sub-sector

PAD/ACH & Bank Rails

Direct Bank of England participation is a rare regulatory achievement that eliminates intermediaries and reduces latency—a competitive moat that smaller payments platforms cannot easily replicate. Founders in bank rails and embedded finance should understand this as a scale inflection point.

Primary company

Modulr

Counterparty

Not disclosed

Amount

Not disclosed

Event date

August 19, 2026

Sub-sector

PAD/ACH & Bank Rails

HQ

Not disclosed

Structure

Not disclosed

Source published

Not disclosed

Publisher

Finextra

Source: finextra.com