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Tink Expands Open Banking Payments Services To Five New Markets
Tink, Europe’s leading open banking platform, 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, making it a secure, frictionless and low-cost payment method.
Tink’s payments expansion to new markets reflects the rise in consumer demand for seamless digital experiences.
Tom Pope, head of payments and platforms at Tink, commented: “We’re seeing a surge in consumers using open banking payments across Europe, because of the dramatically better user experience it offers. Tink’s payments technology makes it simple for consumers at checkout, allowing them to quickly and seamlessly make payments via the institution they trust the most – their bank. Open banking payments are secure, frictionless, and put businesses in control of the user experience. With our solution, merchants are discovering how their payments experience can be a source of competitive advantage.
“Our aim is to be the backbone of payments services providers across Europe, and the expansion of Tink’s payment services into these five new markets is a significant step towards achieving this goal.”
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Kanastra Raises $30 Million Series B from F-Prime to Spearhead Brazil’s Private Credit Infrastructure Development
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I&M Bank Launches Tanzania’s First Mastercard World Elite Debit and Multi-Currency Prepaid Cards on OpenWay’s Way4 Platform
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Sage Unveils Next-Generation, Integrated Cloud HR & Payroll Solution for Mid-Sized Businesses in South Africa
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Kanastra Raises $30 Million Series B from F-Prime to Spearhead Brazil’s Private Credit Infrastructure Development
Kanastra, a financial technology company providing technology infrastructure and services for private credit funds and securitizations, today announced a $30 million Series B round led by F-Prime, with contributions from the International Finance Corporation (IFC), the World Bank's investment arm, as well as follow-on investments from current investors Kaszek, Valor Capital, Quona Capital and Itaú, Latin America's largest bank. The new capital will be used to accelerate product development, deepen automation across the private credit funds lifecycle, and expand Kanastra's client base.
I&M Bank Launches Tanzania’s First Mastercard World Elite Debit and Multi-Currency Prepaid Cards on OpenWay’s Way4 Platform
I&M Bank Tanzania, in partnership with Mastercard and OpenWay, has introduced the country's first Mastercard World Elite debit and multi-currency prepaid cards. Powered by OpenWay's Way4 digital payments platform, the new products cater to the evolving needs of Tanzania's affluent and middle-market customers by offering lifestyle privileges, advanced security, and seamless international transactions.
Sage Unveils Next-Generation, Integrated Cloud HR & Payroll Solution for Mid-Sized Businesses in South Africa
Today, Sage, the global leader in accounting, financial, HR and payroll technology for small and mid-sized businesses (SMBs), launches its integrated Sage HR & Payroll Advanced solution for mid-market companies in South Africa. Targeted at organisations with high-complexity payroll needs, the all-in-one, cloud-based payroll and HR software is a powerful step forward in simplifying how mid-sized businesses pay, manage and engage their people.
Atom Bank Bolsters Family Support By Increasing Maternity and Paternity Leave
Atom bank, the saving and lending specialist, has today announced a significant enhancement to its maternity and paternity leave policies.
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