Micropayment and Tink collaborate to enable a smooth "Pay by Bank" checkout process in the DACH area.

Tink, a well-known platform for data enrichment and payment services, has partnered with Micropayment, a payment service business with headquarters in Berlin.

Tyree Schoen

March 21, 2024

2Min Reads

142

Payments

Through this partnership, Tink's Pay by Bank product will be available at Micropayment's merchant checkouts, marking a major advancement in improving and growing the acceptance of this payment option across Europe. The agreement aims to expand Tink's pan-European connection and demonstrates both parties' commitment to expanding their payment solution offerings. Micropayment's merchants in the DACH region currently have Pay by Bank operating.

With the help of Pay by Bank, customers may make secure and efficient online payments by transferring money straight from their bank account to the seller's account. With this approach, retailers may differentiate themselves in a crowded market by providing customers with a dependable, quick, easy, and recognizable payment option.

Having been founded in 2005, Micropayment has made a name for itself in the European payment sector, especially in the DACH area, by providing customized digital payment solutions. The primary objective of the organization is to tackle distinct obstacles in online payment procedures, guaranteeing safe and smooth transactions for its associates.

Tink, a Visa subsidiary that was founded in Stockholm in 2012, is leading the FinTech revolution. With more than 6,000 bank connections, Tink's platform provides cutting-edge loan, banking, and payment options in 19 regions, going beyond open banking. Their dedication to turning financial procedures into data-driven experiences emphasizes their significance as a major participant in the financial industry.

"Tink is a leading provider of PIS and AIS solutions, and our collaboration with them has been nothing short of exceptional," said Thomas Knoth, CSO for micropayments. Their staff has constantly shown that they are dedicated to giving us excellent service and that they are prepared to work with us to improve the product. Our ability to provide a reliable Pay by Bank service has been made possible in large part by this degree of focus and response.

For us, the DACH area is a crucial market, and Tink's commitment to helping businesses across a range of sectors has been invaluable. Customers can expect the quickness, dependability, and security they need from their payment option, which makes it a simple transaction for both customers and businesses. We are thrilled to be collaborating with Tink and anticipate building on our fruitful collaboration going forward.