TransferGo has partnered with Tink to integrate Pay by Bank into its payments offering, aiming to provide a more secure and efficient method for international money transfers.
The integration of Pay by Bank into TransferGo’s payments offering enables customers in the UK to securely and quickly send money internationally.
This account-to-account payment method, powered by open banking, streamlines the payment process, offering users a low-cost and efficient way to initiate transactions.
“Our mission is to create a fairer world for global citizens. Providing a simple, affordable and secure way to send money internationally, Pay by Bank by TransferGo helps bridge the gap for individuals who may have previously been excluded from accessing or participating in financial services,” said Simon Moran, Chief Commercial Officer at TransferGo. “With the Tink partnership, we can offer a trustworthy, secure, and speedy solution, making international payments easier and creating more favourable conditions for global financial inclusivity.”
Ian Morrin, Head of Payments and Platforms at Tink, added, “Pay by Bank is one of the most frictionless ways to pay online. There is an enormous opportunity for Pay by Bank to make a tangible difference to those sending money internationally as it offers a simple way for customers to transfer money more securely, quickly and at low-cost.
“At Tink, we have always aspired to make financial services more accessible by providing consumers with the most innovative payment solutions. Partnering with TransferGo, we can support them in their mission to remove barriers for their customers by offering a payment method that improves and simplifies the transfer of money; this is another step towards changing financial services for the better.”
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