Tink, Novalnet partner for Open Banking-powered payments

Thursday 17 June 2021 10:26 CET | News

Germany-based payment provider Novalnet and Open Banking platform Tink have partnered to bring a new Open Banking payment solution to the Europe-based payments market. 

Novalnet is launching a real-time payments feature for merchants across Europe, to improve the payment experience enabled by Novalnet's payment systems. This new feature will address payments for ecommerce, with the transaction being reportedly credited to the merchant’s account almost instantly.

By partnering with Tink for payment initiation services (PIS) technology, Novalnet will take previous region-specific payment methods and offer a new unified digital payments service to its merchants across Europe. Novalnet's real-time merchant payments feature will be launched initially in Germany and the United Kingdom. The solution will then be integrated across other Europe-based markets during 2021. Through this partnership, Novalnet and Tink aim to accelerate the innovation of new solutions in the European payments market.

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: partnership, Tink , Novalnet, Open Banking, real-time payments, digital payments, payment initiation
Categories: Banking & Fintech
Countries: Europe
This article is part of category

Banking & Fintech