Micropayment, a Berlin-based payment service provider, has joined forces with Tink, a leading payment services and data enrichment platform.
This collaboration marks the launch of Tink’s Pay by Bank product at Micropayment’s merchant checkouts, signaling a significant move towards enhancing and expanding the adoption of this payment method throughout Europe. With Pay by Bank already operational for Micropayment’s merchants in the DACH region, the partnership is set to extend Tink’s pan-European connectivity, showcasing a mutual commitment to broadening their payment solution offerings.
Pay by Bank facilitates an online payment method that allows consumers to transfer funds directly from their bank account to the seller’s account, offering a secure and streamlined shopping experience. This method positions merchants to stand out in a competitive market by offering consumers a familiar, fast, reliable, and convenient payment option.
Micropayment, established in 2005, has carved a niche in the European payment market, particularly in the DACH region, by offering tailored digital payment solutions. The company’s mission revolves around addressing specific challenges in online payment processes, ensuring secure and seamless transactions for its partners.
Tink, established in Stockholm in 2012 and now a Visa subsidiary, stands at the forefront of the FinTech revolution. With over 6,000 bank connections, Tink’s platform extends beyond open banking, offering innovative payment, banking, and lending solutions across 19 markets. Their commitment to transforming financial processes into data-driven experiences highlights their role as a pivotal player in the financial sector.
Micropayment CSO Thomas Knoth remarked, “Tink is a leading provider of PIS and AIS solutions, and our collaboration with them has been nothing short of exceptional. Their team has consistently demonstrated a commitment to providing top-notch support and a willingness to accommodate our requests for product enhancements. This level of attentiveness and responsiveness has been instrumental in our ability to offer a solid Pay by Bank solution.
“The DACH region is a key market for us, and Tink`s dedication to serving merchants across various industries has been invaluable. Their payment method offers consumers the speed, reliability, and security they expect, making it a seamless experience for both merchants and consumers. We are delighted to be working with Tink and look forward to continuing our successful partnership.”
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