Tink expands Open Banking payments services to five new markets

Wednesday 27 April 2022 13:20 CET | News

Europe-based Open Banking platform Tink has announced the expansion of its Open Banking payments services to five new markets across Europe.

Its Payment Initiation Services (PIS) product is now live in the Netherlands, Norway, Estonia, Finland, and Latvia. Tink operates in 18 markets in total across Europe, connecting to over 250 million bank customers.

Open Banking payments, often called Pay by Bank, is a transfer of money from one bank account to another. The payment is initiated by Tink through an Application Programming Interface (API), but the user journey is completely embedded within the payment service provider (PSP) or merchant’s own environment. The payment is authorised using the bank’s own system, reportedly making it a secure, frictionless, and low-cost payment method.  

Tink’s payments expansion to new markets reflects the rise in consumer demand for improved digital experiences, according to the official press release.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Tink , expansion, Open Banking, payment initiation, Open Banking payments
Categories: Banking & Fintech
Companies: Tink
Countries: Europe
This article is part of category

Banking & Fintech


Discover all the Company news on Tink and other articles related to Tink in The Paypers News, Reports, and insights on the payments and fintech industry:

Industry Events